Aquila Capital Investment-
gesellschaft mbH

Fully licensed AIFM of Aquila Capital

Aquila Capital Investmentgesellschaft mbH is an Alternative Investment Fund Manager (AIFM) licensed under German law and subject to supervision of the German Federal Financial Supervisory Authority (BaFin).  

Through our branches in Luxembourg, the United Kingdom, the Netherlands and Spain, we operate far beyond the German-speaking market and maintain an international industry network.   

As a licensed AIFM for domestic investment assets, EU UCITS, EU AIF or foreign AIF, we offer tailor-made fund vehicles and investment solutions according to individual needs of investors. Our range of services includes inter alia the portfolio management, risk management, asset management, structuring, valuation and reporting services. 


Our services

  • Fully licensed AIFM for the majority of regulated asset classes
  • Expertise in setting up tailored investment structures and individual investment solutions in the areas of clean energy and sustainable infrastructure
  • Portfolio and risk management specialised in clean energy and sustainable infrastructure assets
  • Access to a variety of fund related services and international expert teams provided by Aquila Capital
  • Independent in-house valuation for clean energy and real estate assets
  • Access to local markets via branches in several European countries
  • Regulatory and tax relevant entity in Luxembourg


Our corporate governance principles may be found here.

Supervisory Board

Helmut Merkel
Chairman of the Supervisory Board

Helmut Merkel is responsible for monitoring and advising the management of the AIFM, Aquila Capital Investmentgesellschaft mbH. 

He was appointed to the Supervisory Board in 2016 and has been Chairman of the Supervisory Board since 2017. Helmut Merkel has been practicing law since 1987 and works as an independent lawyer. Previously, he was General Counsel of the former Dresdner Bank AG.  

Helmut Merkel graduated in law from the Albert-Ludwigs-Universität Freiburg. He received his doctorate from the Faculty of Law and Economic Sciences at the Technical University of Darmstadt. 

Michael J.W. Dröge
Member of the supervisory board

Michael Dröge is responsible for supervising the management board of AIFM, Aquila Capital Investmentgesellschaft mbH. 

He has been appointed to the supervisory board in 2017. Besides this mandate, he is also member of various boards of directors of the investment funds managed by Aquila Capital Investmentgesellschaft mbH. Michael Dröge has been working as a lawyer since 1999 and is partner at Heuking Kühn Lüer Wojtek in Hamburg.  

He completed an apprenticeship at Deutsche Bank AG and holds a degree in law from Georg-August-University Göttingen. Michael Dröge was awarded a doctorate in law by the Georg-August-University Göttingen. 

Markus C. Slevogt
Member of the supervisory board

Markus C. Slevogt studied Economics and Business Administration at the Universities of Kent and Marburg. At the latter he also received his doctorate in Bank Management.

Mr. Slevogt was Senior Country Representative of Deutsche Bank AG in Turkey and ING Bank Turkey’s Managing Director of Wealth Management. He held board mandates at Türk Demir Döküm, BSH Turkey, Organik Holding and Erciyas Group.

Today, he is Board Member at Amarkon Group, Akçansa A.Ş. and Assistant Professor at Bahçeşehir University.

Management Board

Albert Sowa
Speaker of the Board

Albert Sowa joined the Board 2016 and has been appointed as Speaker of the Board of Aquila Capital Investmentgesellschaft mbH in September 2021. Both at the AIFM and at Aquila Capital, he is responsible for risk management.  

Prior to joining Aquila Capital in 2016, he was the Global Head of Credit Risk Management for Non-Bank Financial Institutions at Commerzbank, where he managed a global credit portfolio with teams in Frankfurt, London, New York and Singapore. Previously, he was Chief Credit Officer at BHF Bank, with risk responsibility for an international credit portfolio. He also had risk responsibility for corporate customers and the public sector at Deutsche Bank. He has further held a number of senior positions dedicated to commercial real estate and international corporates.

Albert graduated as a banking specialist from the Frankfurt School of Finance & Management. 

Harald Schönebeck
Managing Director

Harald Schönebeck has been Managing Director of the Aquila Capital Investmentgesellschaft mbH since 2021. Mr. Schönebeck is responsible Chief Operating Officer of the company.  

Prior to this, Harald was Speaker of the Board of Aquila Capital’s former AIFM Alceda Fund Management S.A. in Luxemburg. There, inter alia, he was responsible for portfolio management, business relations, finance, HR, administration and IT. Prior to joining Aquila Capital in 2016, he was Managing Director Corporate Finance at Commerzbank AG. Previously, he headed the Rating Advisory Continental Europe for Deutsche Bank AG. Before, he was Managing Director at BA Venture, Cologne, a Deutsche Bank AG subsidiary focused on private equity investments in fast growing technology companies.

Harald holds a degree in business administration from the Berlin Institute of Technology and a PhD in IT-based financial management. 

Aquila Capital Team Till Schulz Eickhorst
Till Schulz-Eickhorst
Managing Director

Till Schulz-Eickhorst joint the Board of Directors of Aquila Capital Investmentgesellschaft mbH in March 2022. Mr. Schulz-Eickhorst oversees the portfolio and asset management of Aquila Capital Investmentgesellschaft as Chief Portfolio Manager. 

He has more than 17 years of experience in investment management and the real estate sector, where he was responsible for carrying out real estate transactions worth more than EUR 6 billion. Prior to joining Aquila Capital in 2019, he was Head of Fund Management at Deka-ImmobilienGlobal, where he was responsible for the overall performance and strategy of the company’s global real estate fund. Previously, he was Head Investment Manager, UK & Ireland, responsible for all acquisition and sales activities, including deal sourcing, negotiating purchase and sale agreements and due diligence.

Till holds a degree in business administration with a focus on real estate as well as banking and finance from the European Business School in Oestrich-Winkel.