BF.infrafinance appoints co-founders as managing directors

Logistics property investor BF.infrafinance has announced that its co-founders, Richard Apfelbacher and Nicholas Brinckmann, will serve as its managing directors.

Richard Apfelbacher and Nicholas Brinckmann

Initially launched in October 2025 as a joint venture between BF.direkt and the Fox Group, the company has now been formally co-founded with Apfelbacher and Brinckmann at the helm. 
Richard Apfelbacher brings over 20 years of investment experience to his new role. Before BF.infrafinance, he served as managing partner of Sienna Real Estate (formerly L’Etoile Properties) for more than a decade. During his tenure, he was responsible for establishing the company's German branch and successfully growing its assets under management by over €6 bn across Europe in the office, logistics, and hospitality sectors. Apfelbacher also sits on the advisory committee of the investment management arm of a leading international logistics developer and has held senior international investment positions in cities such as London, Mexico City, and Hamburg.
Nicholas Brinckmann's career spans nearly two decades as CEO of asset manager Hansainvest Real Assets (now Sicore Real Assets) and as managing director of AIF manager Hansainvest Hanseatische Investment, both part of the Signal Iduna insurance group. In these roles, he oversaw international real assets in 18 countries, including approximately €1 bn in logistics properties. He was instrumental in setting up over ten regulated investment vehicles, which grew to €8.2 bn under his leadership. Earlier in his career, Brinckmann held various senior positions in asset management and investment with firms such as MEAG Munich Ergo AssetManagement and Union Investment Real Estate.
BF.infrafinance aims to create debt structures for institutional investors, channelling funds through various Luxembourg structures, including fund vehicles and separate account mandates, to property developers.
The new company already boasts a robust project pipeline with a combined loan volume of approximately €1.4 bn, with loans totalling €300 mln to €400 mln currently under concrete review.