• New subsidiary Erste Private Capital GmbH
  • Ralf Kunzmann strenghtens management as of 1.10.2021 

Private Equity activities concentrated in Erste Asset Management

Private Equity is becoming increasingly important as a form of financing in the region of Austria, Central and Eastern Europe. The previous activities of Erste Group Bank AG are now concentrated in Erste Asset Management. Private Equity as a form of financing is essential for the development and growth of an economy and thus for the capital market.

Heinz Bednar, CEO of Erste Asset Management: "Together with Erste Group Bank, we have a deep understanding of the needs of entrepreneurs in our region, as well as of our investors. We are one of the leading asset managers in the region and want to expand our offering in this growth market with the newly established Private Equity entity."

New subsidiary: Erste Private Capital GmbH

Erste Asset Management recently founded a new subsidiary, Erste Private Capital GmbH. The know-how in the field of Private Equity is bundled in this company. Private Equity refers to equity or equity-related financing in unlisted companies.

Management Board Erste Private Capital GmbH: from left to right: Ralf Kunzmann, Werner Edlinger, Thomas Bobek
Photographer Stephan Huger, Copyright Erste Asset Management

Ralf Kunzmann (51) new member of the management board of Erste Private Capital

As of October 1, 2021, aws-Gründerfonds manager Ralf Kunzmann moved to Erste Asset Management as managing director in the newly founded company Erste Private Capital GmbH. Together with Werner Edlinger and Thomas Bobek, he is responsible for the Private Equity business.

Ralf Kunzmann was Managing Director of aws Fondsmanagement GmbH and aws Gründerfonds from 2013 - 2021 and previously worked in private equity for many years. Ralf Kunzmann: "Erste Group has proven itself as an innovation and market leader for many years, especially in establishing new business areas. With its investment in the aws Gründerfonds, Erste Group was the first bank to dedicate itself very successfully to the asset class venture capital and private equity after the financial crisis. Together, we will now establish and expand this business area even more intensively and exploit the great potential for private equity investments in Erste Group's core markets."

Heinz Bednar: "I am pleased that we were able to win Ralf Kunzmann for our private equity activities. Together with Thomas Bobek and Werner Edlinger, he will ensure that we can drive this asset class forward quickly and successfully. Private equity is one of the major growth themes in our region."

More about Erste Private Capital: https://www.ersteprivatecapital.com/en/home


About Erste Asset Management:

Erste Asset Management manages assets of about EUR 68.36bn as of  October 2022. About 100 investment professionals work in our Investment Departments across all countries. In order to ensure an optimal investment process, Erste Asset Management fund managers cooperate closely with our in-house Research Department.

Ralf Kunzmann, Photographer Stephan Huger, Copyright Erste Asset Management

For enquiries, please contact:
Communications & Digital Marketing

Paul Severin
Tel. +43 (0)50 100 19982
E-Mail: paul.severin@erste-am.com

Dieter Kerschbaum
Tel. +43 (0)50 100 19858
E-Mail: dieter.kerschbaum@erste-am.com

Erste Asset Management GmbH

Am Belvedere 1, A-1100 Wien
Sitz Wien, FN 102018b,
Handelsgericht Wien, DVR 0468703


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