HQ Capital is a fund of funds based in Frankfurt, Germany. Established in 1989, the firm was formed by combining independent alternative investment managers Auda, Real Estate Capital Partners, and Equita Auda and Real Estate Capital Partners, it has been active in global private equity and in U.S. real estate since 1989. The firm's primary objective is to create investment programs for investors who seek to incorporate alternative asset investments into their portfolios. The firm also provides services to a group of high-net-worth individuals, corporate and institutional clients worldwide. It focuses on the fund of funds, direct investments, secondary investments, and co-investments. It makes equity investments in both public and private companies. The assets of the firm are managed by the supervisory board.