Company's History |
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When Tobias König started his business back in 1999, return driven shipping investments were a niche segment of retail and institutional investors. With equity houses just setting up, and with little interest in copying an existing formula, König & Cie. set out to build a firm based on principles and values that would provide a proper institutional foundation for years to come. At that time, the notion of return driven shipping investments was not well understood as those investments had traditionally been encouraged by heavy tax incentives in Germany. Tobias König has been spreading the word on the concept of performance driven shipping transactions ever since. When the tax regime was changed in Germany shortly after König & Cie. was established, the market for return driven investment products covering fixed assets began to grow rapidly. This provided an excellent backdrop for the investment strategies Tobias König had en- visioned all along. By 2003 we had US$ 1 billion assets under management and had successfully completed transactions in shipping, wind energy and real estate. Three years later, in 2006, we set up our first large scale investment vehicle for institutional investors: Marenave AG was the first listed shipping fund in Germany ever and raised some US$ 200 million of equity. Today, Marenave's fleet consists of 13 vessels and has become a role model for followers in the market. During the first five years of the new millennium, we focused on building a leading shipping investment business. |
This initial focus was important as it allowed us to develop and refine financial and structuring skills - skills that we believe are pre-requisites for success in any investment business, along with the capability to manage our assets hands on. Since then, we have remained an active shipping investor, expanding into new industries and areas. We have invested considerable time and expense in developing the knowledge and relationships to acquire and manage assets in complex industries such as infrastructure, photovoltaic power plants, and rolling stock. As shipping is a global business and as our network in other asset classes is also global, we have expanded our global network in order to be close to our activities and to further build the relationships with our partners. After opening up a liaison office in Shanghai in 2004 we added offices in London and New York to strengthen our relationships in those financial hubs. In 2008, we founded our subsidiary in Mumbai due to our belief in the tremendous growth potential of India and the inevitable opportunities for fixed asset players in this region. Our Mumbai office also serves as a convenient base for our activities in the Middle East and Asia. Today, König & Cie. has more than US$ 6 billion assets under management and a strong foundation for further business. Our global reach ensures personal relationships which we think are essential for sustainable investment success. |
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