Investment firm Cambridge Associates (CA) has set up an office in Munich, Germany, which is its second location in Europe.

The new office will support the firm’s European clients.

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The expansion aligns with the firm’s commitment to serving current and future clients in the DACH region and across continental Europe.

Head of the European Pension Practice and Regional Head for Germany will be in charge of the new office.

CA has been operating in Europe for over 26 years. Apart from the new Munich outpost, CA also has an office in London.

Its other offices are located in Boston, Arlington, Beijing, Dallas, Menlo Park, New York, San Francisco, Singapore, and Sydney.

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CA CEO Christopher Hunter said: “Europe has long been a key market for the firm and we are very excited to see our German office open as the next stage in our endeavour to provide excellent service to clients across the region.

“We continue to see strong demand in Europe for access to our portfolio management services and global investment network, especially regarding alternatives and private market allocations. With the Munich office, we are also now well positioned to service clients in the EU after the Brexit transition period.”

CA’s service suite includes outsourced CIO, non-discretionary portfolio management, staff extension and alternative asset class mandates.

The firm serves pension plans, endowments and foundations, healthcare systems, as well as private clients.

Asset manager Perella Weinberg Partners (PWP) has also launched an office in Munich – its first office in Germany.

PWP partners Marcus Schenck and Stefan Jentzsch will be in charge of the new office.

The pair will be supported PWP head of European Advisory Dietrich Becker.

The new office is the firm’s third outpost in Europe.

Expansion in Germany is said to be a significant part of PWP’s European growth plan.

In 2018, PWP established an office in Paris, France, marking its first formal presence in continental Europe.