Sunday, 7 December 2025
INTREAL, the German third-party AIFM specialising in real assets, expanded its assets under administration (AuA) to €72.7 billion by the end of the third quarter of 2025. This marks the first time the company has crossed the €70 billion threshold. AuA rose by €6.1 billion during the first nine months of the year and by 5.8 percent since mid-2025.
The increase in AuA was accompanied by further expansion of the platform. INTREAL oversaw 341 funds at the end of September, 11 more than in the previous quarter and 20 more than at the end of 2024. The number of managed properties rose to 2,888, up by 81 since mid-year and by 154 compared with the end of the last financial year. Staffing also continued to grow, with the company adding ten roles across its offices in Hamburg, Frankfurt and Luxembourg, bringing the total headcount to 555.
INTREAL expects the positive momentum to continue through year-end. Managing Director Camille Dufieux said the rise in activity, particularly in the AIFM services area, reflects investors’ renewed interest in launching new products and reassessing existing portfolios. “Growth momentum increased noticeably during the third quarter,” she said. “Many investors are again developing new fund ideas or choosing to use AIFM services, including switching to INTREAL.”
The Partner Funds division remains the company’s largest segment, with 161 funds and AuA of around €36.6 billion, representing slightly more than half of total assets. While volumes here remained largely stable in Q3, €384 million in new assets were added over the first nine months of the year, and INTREAL welcomed another fund partner during the quarter. This division provides full AIF setup and administration services to asset managers and developers without their own KVG licence.
Most of the third-quarter expansion came from the AIFM services segment, where AuA rose by roughly €4 billion to €36.1 billion. INTREAL delivers reporting, controlling, fund accounting, equity investment management and risk management services for licensed AIFMs within this business line. Managing Director Malte Priester noted that ongoing investment in digital and automated processes has strengthened the unit’s performance, enabling higher efficiency and flexibility for clients.
