LINUS Digital Finance to reorganize company leadership
Founder and CEO of Linus Digital Finance AG, David Neuhoff, to become member of the Supervisory Board, expected to take over the chairmanship. Lucas Boventer and Dr Christopher Danwerth to lead as members of the Management Board, acting as Co-CEOs.
Berlin, 21 November 2022 – The Chairman of the Management Board (CEO) of Linus Digital Finance AG, David Neuhoff, today expressed his wish to move to the Supervisory Board when his appointment as a member of the Management Board expires on 24 January 2023, citing personal reasons. Mr Neuhoff founded the company in 2016 and since has successfully scaled it to a pan-European digital investment platform with a focus on real estate finance and an investment track record of over €1.3 billion. David Neuhoff's move is supported by the Supervisory Board as well as the company's majority shareholder, Creanos GmbH. Christian Vollmann, who joined the Linus Supervisory Board in January 2021, will step down from his position as of 24 January 2023, to focus on his own entrepreneurial endeavours. David Neuhoff is also expected to take over the chairmanship of the Supervisory Board in the future.
“Following the launch in 2016, we made LINUS one of the leading platforms for Real Estate Private Debt in Germany and developed partnerships with renowned investors. I am proud and grateful to have played a part in this great success story and I look forward to continuing this journey in my new role,“ says David Neuhoff.
Going forward, Lucas Boventer and Dr Christopher Danwerth – currently deputy members of the management board – will lead the company as Co-CEOs. Both were today appointed by the Supervisory Board as ordinary members of the management board until the end of the 2025 financial year. Lucas Boventer joined Linus back in 2018 and was most recently in charge of the investment business. Since 2018, the annual transaction volume has grown from less than EUR 50 million to almost EUR 500million in fiscal year 2021. Dr Christopher Danwerth joined LINUS in 2021 having worked previously at Freshfields Bruckhaus Deringer and, as General Counsel, was responsible for all legal topics of the company, including the company's IPO.
"We are convinced that we will continue to see attractive investment opportunities in the real estate private debt markets in 2023 and beyond, despite a rougher economic climate. In the long-run, the growth for alternative real estate investments will continue to be very strong. We will continue our strategy to fill the gaps in the bank-dominated real estate finance market in Germany and offer competitive financing via our platform that brings together institutional investors, family offices and high net worth individuals," says Lucas Boventer addressing the future of the LINUS business model. Going forward, Boventer will be responsible for the business units Investments, Platform and Sales, and Investor Relations.
"We are confident that, using a proactive management approach, we can successfully manoeuvre our existing portfolio through the macroeconomic storm. We will also continue to expand our core business in order to highlight the continued profitability of our business model. Further, we will look at various growth opportunities," says Dr Christopher Danwerth, who will be responsible for the business units Finance, Risk, Operations, Legal and Compliance.
On behalf of the Supervisory Board, Verena Mohaupt, Chair of the Supervisory Board, thanks the outgoing CEO David Neuhoff: "We are grateful to David Neuhoff for his entrepreneurial achievements and the good cooperation over the past years. We look forward to working with the new Executive Board. Lucas Boventer and Dr Christopher Danwerth were already pivotal members of the LINUS team before their appointment as board members and will confidently lead the company into its next phase."
About LINUS Digital Finance:
Berlin-based Linus Digital Finance AG finances real estate projects with debt and mezzanine capital through a private debt fund which it manages, enabling semi-professional and professional as well as institutional investors to participate in these short- to medium-term investments through its digital platform. In addition to these private debt investment solutions, LINUS also brokers long-term equity investments in existing properties with regular distributions as well as access to long-term investments in institutional real estate funds of renowned asset managers via its investment platform. As a seed investor, LINUS remains involved in all investments with its own funds until the end of the investment term.
Together with its co-investors, LINUS’ funds invested more than EUR 1.3 billion in 67 real estate projects since its inception in 2016 (as of November 2022). Linus Capital Management GmbH, a subsidiary of Linus Digital Finance AG, is registered with the German Federal Financial Supervisory Authority (BaFin) as a financial investment management company (Kapitalverwaltungsgesellschaft- KVG). Linus Digital Finance AG is listed on the regulated market (General Standard) of the Frankfurt Stock Exchange.
LINUS Digital Finance
Karl-Liebknecht-Str. 5, 10178 Berlin
+49 (0) 30 629 3968 10
Johannes BraunPB3C GmbH
E-Mail: [email protected]
Telefon: +49 30 726276-1544