The information contained on this website is provided for general informational purposes only. Nothing on this website constitutes investment advice, a recommendation, an offer, or a solicitation to buy or sell any security, financial instrument, or interest in any fund or investment vehicle managed or advised by Tenet Management I GmbH ("Tenet"). Any such offer or solicitation will be made only by means of formal offering documents, which will contain material information not contained herein, and will be subject to the terms and conditions set forth in those documents.
Professional Investors Only
The information on this website is directed exclusively at professional clients and eligible counterparties as defined under Directive 2014/65/EU (MiFID II) and semi-professional investors within the meaning of the German Capital Investment Code (Kapitalanlagegesetzbuch — KAGB). It is not directed at retail investors. If you are a retail investor, you should not rely on the information contained herein and should seek independent financial advice.
No Reliance
Whilst Tenet has taken reasonable care to ensure the accuracy of the information contained on this website, no representation or warranty, express or implied, is given as to its accuracy, completeness, or fairness. The information is subject to change without notice. Tenet accepts no liability for any loss or damage arising from reliance on any information contained on this website.
Forward-Looking Statements
This website may contain forward-looking statements, projections, and estimates. Such statements involve known and unknown risks and uncertainties and are subject to change based on various factors. Actual results, performance, or events may differ materially from those expressed or implied. Past performance is not a reliable indicator of future results. The value of investments and any income from them may go down as well as up.
Geographic Restrictions
The information on this website is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to applicable law or regulation. In particular, this website and the information herein are not directed at persons located in the United States of America or any other jurisdiction in which the distribution of such information is restricted. Persons accessing this website from outside the European Economic Area are responsible for compliance with any applicable local laws and regulations.
Regulatory Status
Tenet Management I GmbH is a registered alternative investment fund manager within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, "KAGB") and is subject to the supervision by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht — BaFin), registration number 10165320, but only with limited scope of application of the KAGB. Funds managed by Tenet Management I GmbH are not subject to direct supervision by BaFin. Regulatory oversight does not imply endorsement or guarantee of any investment outcome.
Third-Party Links
This website may contain links to third-party websites. Tenet has no control over and accepts no responsibility for the content of those websites. The inclusion of any link does not imply endorsement by Tenet of the linked site or its operators.
Last updated: May 2026
Imprint (Impressum)
Company
Tenet Management I GmbH
c/o Simon Lohmann, Gneisenaustr. 21
10961 Berlin, Germany
Contact
Email: sl@tenetcapital.eu
Phone: +49 174 2458138
Commercial Register
Registered at: Amtsgericht Charlottenburg
Registration number: HRB 286321 B
VAT Identification Number
pending registration
Regulatory Authority
The responsible supervisory authority for Tenet Management I GmbH is the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht — BaFin).
BaFin registration number: 10165320
Graurheindorfer Str. 108, 53117 Bonn, Germany & Marie-Curie-Str. 24–28, 60439 Frankfurt am Main, Germany. www.bafin.de
Responsible for Content (§ 55 RStV)
Simon Lohmann, Martin Janicki
c/o Simon Lohmann, Gneisenaustr. 21, 10961 Berlin, Germany
Disclaimer
The information on this website is provided for general informational purposes only and does not constitute an offer, solicitation, or advice to buy or sell any financial instrument or to participate in any investment strategy. Past performance is not indicative of future results. Access to investment products managed by Tenet is limited to eligible professional and semi-professional investors as defined under applicable law.
Last updated: May 2026
Disclosures Pursuant to Regulation (EU) 2019/2088
Publication Date: 11 May 2026
Tenet Management I GmbH ("Tenet"), LEI: pending registration, is an alternative investment fund manager within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, "KAGB") and as such publishes the following information in light of the consideration of sustainability-related aspects in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability disclosure requirements in the financial services sector ("SFDR").
Tenet addresses sustainability risks in its investment decision-making process insofar as relevant. "Sustainability risk" means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment. During the due diligence on potential investments, Tenet conducts a careful analysis of the investment's exposure to environmental, social, and governance risks that could impact its value. When identifying a sustainability risk during the due diligence on potential investments, Tenet decides in light of the specific situation taking due account of the proportionality principle whether it gives up on the investment or proceeds with the investment alongside appropriate measures to mitigate the relevant sustainability risk.
Article 4 SFDR – No Consideration of Adverse Impacts of Investment Decisions on Sustainability Factors
Tenet does not consider principal adverse impacts ("PAI") of investment decisions on sustainability factors. "Sustainability factors" mean environmental, social, and employee matters, respect for human rights, anti‑corruption, and anti‑bribery matters. Tenet does not use sustainability indicators. The standardized catalog of PAI indicators ("PAII") provided by Annex I of the regulatory technical standards issued under the SFDR is not tailored to the specific needs of the early-stage investment strategy pursued by Tenet.
In many instances, data will be insufficient for analyzing PAI, and on occasions where data is obtainable, it tends to offer little in terms of comparability and fails to provide additional insights for Tenet. Therefore, collecting data on PAII will not only increase the administrative burden and costs but also fail to provide a new perspective for Tenet.
Article 5 SFDR – Remuneration Disclosure
As a registered alternative investment fund manager within the meaning of the KAGB, Tenet does not have, nor is required to have, a remuneration guideline or policy in accordance with the requirements of the KAGB. Sustainability risks are not considered with respect to the determination of remuneration.
Sustainability-Related Disclosures
Article 10 SFDR – Sustainability-Related Information About Financial Products That Promote Environmental or Social Characteristics
Publication Date: 11 May 2026
Tenet Management I GmbH ("Tenet"), LEI: pending registration, is the alternative investment fund manager of Tenet Fund I GmbH & Co. KG ("Tenet Fund I"), LEI: pending registration, within the meaning of the German Investment Code (Kapitalanlagegesetzbuch) and as such publishes the following information in light of the consideration of sustainability-related aspects in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability disclosure requirements in the financial services sector ("SFDR").
Summary
This financial product promotes environmental or social characteristics but does not have as its objective a sustainable investment within the meaning of Article 2 No. 17 SFDR. The promoted characteristics are investment restrictions. 100% of the investments will be in line with its investment strategy and investment restrictions.
No reference benchmark has been designated to attain the environmental or social characteristics promoted by the financial product.
No Sustainable Investment Objective
This financial product promotes environmental or social characteristics, but does not have as its objective sustainable investment.
Environmental or Social Characteristics of the Financial Product
The promoted characteristics are investment restrictions.
Tenet Fund I shall not invest in, guarantee, or otherwise provide financial or other support to, directly or indirectly, sectors which are not in line with Tenet's investment philosophy, including investments in companies or other entities:
whose business activity consists of an illegal economic activity (i.e., any production, trade or other activity, which is illegal under the laws or regulations applicable to Tenet Fund I or the relevant company or entity, including without limitation, human cloning for reproduction purposes); or
which substantially focus on:
gambling, including casinos, online betting platforms, lotteries, and businesses whose primary purpose is to facilitate gambling activities;
pornographic content, adult entertainment venues, or escort or prostitution‑related services;
production of and trade in tobacco and distilled alcoholic beverages.
Investment Strategy
Tenet Fund I intends to seek long-term capital appreciation through equity and quasi-equity investments in early-stage technology companies with a focus on AI enabled roll-ups in Europe.
Policy to Assess Good Governance Practices of the Investee Companies
As part of the due diligence and ongoing investment management, the investment team will review whether a potential investee company has good governance practices in place. This might include using ESG (environmental, social, and governance) criteria to evaluate companies' performance in areas such as labor practices, human rights, and corporate governance, conducting due diligence on investee companies to assess their management structures, employee relations, and tax compliance, engaging with investee companies to encourage improvements in governance practices, if necessary. The intensity of the assessment is carried out in accordance with the principle of proportionality. Where Tenet Fund I sees higher risks of a non-compliance, the audit will be intensified.
Proportion of Investments
Tenet Fund I will invest fully in line with its investment strategy and investment restrictions. Tenet Fund I will not invest a portion of its capital in any other asset class.
Monitoring of Environmental or Social Characteristics
The investment team for Tenet Fund I will initially and continuously monitor whether the investment restrictions are abided by and whether the investment falls within the investment policies. Tenet Fund I will not make any investment in the excluded sectors. Therefore, the achievement of the promoted ESG aspects – no investment within the excluded sectors – can be tracked in a simple way.
Methodologies for Environmental or Social Characteristics
Any potential investment is assessed against the list of excluded sectors prior to an investment. Tenet Fund I verifies on an ongoing basis that no investment falls within any of the sectors excluded under the fund's investment policy.
Data Sources and Processing
Tenet Fund I receives portfolio-related data as part of its due diligence process and on a regular basis following the investment. Where necessary or beneficial, Tenet Fund I also makes use of publicly available data. Estimates of data are not made.
Limitations to Methodologies and Data
Tenet Fund I partially relies on the information gathered during the due diligence process. Moreover, in the post-investment phase, Tenet Fund I is reliant on the reported data. In both cases, complete data may not always be available due to the nature of the investments. The information is verified only if and to the extent misrepresentations are suspected.
Since Tenet Fund I's investments are made for a multi-year investment period, Tenet Fund I places a high priority on establishing trust-based working relationships with all stakeholders to ensure that data is submitted reliably and completely and that the above restrictions are met.
Due Diligence
Tenet Fund I considers the promoted ESG aspects when sourcing new investments for Tenet Fund I and during the due diligence on targeted investments. The due diligence is performed by obtaining all information relevant to Tenet Fund I using a due diligence questionnaire, which is then reviewed internally. If necessary, further specific information is also obtained from the potential investments, should this still be necessary after the detailed questioning. The due diligence process is not externally monitored.
Engagement Policies
Tenet Fund I investments are made for a period of several years. Accordingly Tenet Fund I prioritizes building and maintaining a trust-based working relationship with them to ensure ongoing compliance with investment restrictions. In this context, Tenet Fund I also seeks to establish or strengthen the integration of sustainability aspects at the portfolio level, but as a venture capitalist without majority ownership, the influence Tenet Fund I can exert on the portfolio companies is limited.
Last updated: May 2026
Privacy Policy
This Privacy Policy explains how Tenet (Tenet Management I GmbH, "we", "us") processes personal data in connection with this website, in accordance with Regulation (EU) 2016/679 (GDPR) and applicable German data protection law.
1. Controller
Tenet Management I GmbH
c/o Simon Lohmann, Gneisenaustr. 21, 10961 Berlin, Germany
Email: sl@tenetcapital.eu
2. Data We Collect
Website analytics. This website uses Google Analytics (Google Ireland Limited, Gordon House, Barrow Street, Dublin 4, Ireland) to collect anonymised information about how visitors use the site — including pages visited, time spent, and general geographic location derived from IP address. IP addresses are anonymised before processing. This data is used solely to understand and improve our website.
Enquiries. If you contact us by email, we process the personal data included in your message (name, email address, and the content of your communication) solely to respond to your enquiry.
We do not use cookies beyond those set by Google Analytics, and we do not collect or process any sensitive personal data.
3. Legal Basis for Processing
Processing of analytics data is based on our legitimate interests in understanding website usage and improving our online presence (Article 6(1)(f) GDPR). Processing of enquiry data is based on our legitimate interests in responding to communications or, where applicable, steps taken prior to entering a contract (Article 6(1)(b) GDPR).
4. Data Transfers
Google Analytics may transfer data to Google LLC servers in the United States. Such transfers are governed by Standard Contractual Clauses approved by the European Commission. We do not otherwise transfer your personal data outside the European Economic Area.
5. Retention
Analytics data is retained for 14 months in Google Analytics, after which it is automatically deleted. Enquiry correspondence is retained for as long as necessary to resolve the matter and comply with applicable legal obligations.
6. Your Rights
Under the GDPR, you have the right to: access the personal data we hold about you; request correction or erasure; restrict or object to processing; and request data portability where applicable. You also have the right to lodge a complaint with a supervisory authority — in Germany, this is the relevant state data protection authority (Landesbeauftragter für Datenschutz) or the Federal Commissioner for Data Protection and Freedom of Information (BfDI).
To exercise any of these rights, please contact us at sl@tenetcapital.eu.
7. Changes to This Policy
We may update this Privacy Policy from time to time. The current version will always be available on this page.
