Fiduciary Capital is a private equity real estate investment, asset management and development group based in and focused on Munich, the third largest European office market after London and Paris, and the Munich metro region with a population of 6 million.

Fiduciary Capital acquires real estate assets together with German institutional and U.S. private equity investors that offer the potential to achieve attractive returns primarily through innovative value creation and diligent optimization and that possess clearly identifiable and underwritable, low to moderate downside risk.

The focus is on existing commercial assets with chronic vacancies and/or refurbishment or redevelopment potential.

Fiduciary Capital is currently redeveloping buildings with a total area of 70,000 sqm located within or near the central ring road in Munich, where it’s principal has been developing and redeveloping significant real estate projects and assets since 1999.


Example projects from 2012

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M-Tower (Munich)

Office Complex Redevelopment
35.000 sqm

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M-Campus (Munich)

Office Complex Redevelopment
35.000 sqm

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Example projects until 2012

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Central Tower (Munich)

Office Complex Development (1999 at Lend Lease) and Redevelopment (2009 at Rockpoint)
25.000 sqm

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Atrium Office Complex (Munich)

Office Complex Redevelopment (2006 at Rockpoint)
50.000 sqm

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KÖ-Quartier (Dusseldorf)

Office Complex Redevelopment (2010 at Rockpoint)
90.000 sqm

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ERH (Berlin)

Office Complex Redevelopment and Development (2008 at Rockpoint)
30.000 sqm


Michael A. Gerlich is the founder and sole managing member of Fiduciary Capital since 2012.

Prior to setting up Fiduciary Capital, Michael was a Managing Director and Principal of U.S. real estate firm Rockpoint Group for over six years, where he built and led its German business focusing on existing commercial assets with chronic vacancies and/or refurbishment or redevelopment potential.

Prior to Rockpoint, Michael spent a total of ten years, among others, as a Managing Director and Head of the German real estate arms of General Electric Capital Corporation Europe and of Lend Lease Real Estate Investments Europe,

where he founded, built and managed the German and Central European business as well as one of the first Shariah-compliant and industrial property funds in Europe. Over the last 20+ years he has acquired, developed and/or managed assets totaling EUR 3+ billion across all sectors with a strong focus on the off-market acquisition, value enhancement and (re-)development of distressed single commercial real estate assets in Munich, Dusseldorf, Berlin, Frankfurt and Hamburg.

Michael graduated in the United States with university degrees in Finance, Business, and Political Science.


06.09.2013 – M-Campus Acquisition – view
20.03.2012 – Fiduciary Capital (Private Equity Magazine) – view
23.11.2011 – Rockpoint Projects – view
17.03.2005 – GE Capital Projects (Börsen-Zeitung) – view
03.02.2001 – Lend Lease Projects (Die Welt) – view


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Fiduciary Capital GmbH
Bavariafilmplatz 7
82031 Gruenwald
LK Munich

T +49 89 6499 1900
F +49 89 5499 1901