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Lea Strumberger
Senior Investment Manager at KfW Capital focusing on venture and growth investments and the Opportunity Fund facility within Germany’s Future Fund.
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Nov 18, 2025
• 39min
E652 | Lea Strumberger, KfW Capital: How one of Europe’s Largest Public LP Thinks About Opportunity Funds
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Lea Strumberger, Senior Investment Manager at KfW Capital, shares insights on Europe's growing Opportunity Funds scene. She highlights the necessity of Series B+ capital while differentiating between pure and blended fund archetypes. Lea explains KfW’s rigorous diligence for emerging managers and stresses the importance of having an external lead in funding rounds. She also discusses the significance of transparent governance policies and how GPs should navigate fee structures. Tune in for a deep dive into the mechanics driving late-stage investment in Europe!
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