Skip to content
Gehlen Bräutigam Capital Logo

As we have communicated at our founding:

“We are not a conventional equities fund. We do not intend to become one.“

Daniel Gehlen & Marc-Lennart Bräutigam


Investment Philosophy

We are convinced that above-average returns are most readily achieved by focusing on parts of the market which are not efficient and by operating free from institutional constraints.

We focus on European small & micro caps. Small caps offer not only a higher probability for mispricings, they also represent the largest segment in terms of the number of companies.

Our in-depth research process includes a detailed examination of the company and its intrinsic value, supported by discussions with management, industry experts, customers, and (former) employees.

We act very opportunistically and only invest when we see deep undervaluations. We hold the best ideas in a concentrated portfolio.

About Us

The Gehlen Bräutigam Capital GmbH is based in Berlin and was founded in 2018. It acts as the initiator and investment advisor of the Gehlen Braeutigam Value HI fund.

We have a long-term vision with both our investing and company goals. Therefore, we are exclusively looking for like-minded investors who want to invest with us in partnership.

Our interests are aligned with our co-investors as we ourselves are invested in the fund with the largest part of our private assets. We are focused 100% on the goal of achieving the highest possible return over the long term.

We limit our fund volume, as we want to offer our co-investors a sustainably attractive solution for long-term wealth creation.


Letter to Partners #21

Gehlen Bräutigam Capital | Q3 2023

Letter to Partners #20

Gehlen Bräutigam Capital | Q2 2023

Interview #67: Gehlen Bräutigam Capital

Capital Employed | May 2023



Founder & Managing Partner


Founder & Managing Partner


    Subscribe Letter to Partners

    Investment advice according to section 2 para. 2 no. 4 German Wertpapierinstitutsgesetz (WpIG) and investment brokerage according to section 2 para. 2 no. 3 German Banking Act shall be made on behalf of, in the name of, for the account and under the liability of the responsible legal entity BN & Partners Capital AG, Steinstraße 33, 50374 Erftstadt, according to section 3 para. 2 WpIG. BN & Partners Capital AG has a corresponding license from the German Federal Financial Supervisory Authority (BaFin) in accordance with section 15 WpIG for the prenamed investment services.