Your partner in
sustainable growth
Hodler Asset Management is a Budapest-based Private Equity firm active in the Central and Eastern European broadly defined agri-food sector. With nearly two decades of experience, we are committed to transforming regional businesses into competitive, future-ready market leaders.
About Us
We execute targeted investments through both proprietary capital and private equity funds across Hungary, Romania, and Serbia. Hodler Asset Management currently manages two private equity funds with a total committed capital of EUR 160 million.
The region’s agri-food industry is undergoing structural transformation: fragmented markets, limited consolidation, and generational transitions define the landscape. We see opportunity where others see risk. Our strategy is built on corporate consolidation, strengthening value chains, and driving technological renewal — creating long-term value for our partners.
History
Hodler Asset Management evolved from a founder-led private holding structure into a professional investment platform. What began as an entrepreneurial business transitioned into a family office model and ultimately developed into an institutional asset manager with dedicated fund structures.
Founding of East Grain
Launch of the GTK Talent Development Program
Investment in Agrovir
Investment in Chem System
Establishment of Hodler Capital
Investment in UBM Feed
Establishment of Hodler Asset Management
Launch of Fund I
Investment in Poultry Group
Investment in Gyulai Agrár
Launch of Fund II
Investment in Superior Foods d.o.o.
Partial exit from East Grain
Exit from Flair Plastic
Investment in VERTIKAL Group
160m EUR
assets under management
20+
years of investment and entrepreneurial experience in the agri-food sector
2
active funds and 6 private equity transactions
EUR 550m
group-level revenue (2024)
10+
co-investment partnerships
3
university-level talent development programs
Our Values
Our experience has been built at leading Central European corporations, investment firms, and advisory companies. Beyond institutional capital, our team is also active as private investors across multiple sectors, reflecting internationally competitive expertise and business capabilities.
We typically invest between EUR 5–50 million in equity per transaction. For larger opportunities, we leverage our extensive co-investor network to scale capital flexibly. Based on our strategic focus, transactions in the EUR 5–25 million range represent our core sweet spot.
We believe lasting value creation requires active and responsible ownership. We primarily seek majority positions but remain open to joint-control or minority investments where strategic alignment and shared values are present. In most cases, we build long-term, value-based partnerships rather than short-term investments.
We are convinced that progress requires an open and forward-looking mindset. Every investment is approached with creative, solution-oriented thinking, as innovation lies at the core of value creation. We actively support our portfolio companies in adopting modern technologies that unlock their full growth potential.
We believe long-term value creation is naturally aligned with environmental, social, and governance responsibility. In the agri-food sector, this means strengthening sustainability across the entire value chain. Our investments support renewable energy adoption, animal welfare, and digital traceability solutions — enhancing efficiency, competitiveness, regenerative agriculture and sustainable growth.
We believe one of the greatest challenges facing the agri-food sector is the migration of talented young professionals to other industries. Our group plays an active role in three distinguished university talent development programs, supporting the professional growth of the sector’s future leaders and helping them realize their potential.
Team
Miklós Kerezsi
Chairman, Founder
Miklós Kerezsi is the Chairman and Founder of Hodler Asset Management, established to manage and develop investments across the agri-food sector in Central and Eastern Europe. He has nearly 30 years of experience in building and managing businesses along the agricultural and food value chain.
More about Miklós Kerezsi →
Gyula Köbli
Non-executive board member
Gyula has been with Hodler Asset Management since 2022, previously serving as CEO and now as a non-executive board member. He provides strategic oversight and governance to the organization.
More about Gyula Köbli →
Alpár Kiss-Griz
Chief Executive Officer
Alpár has been with the Hodler since 2017 and became Chief Executive Officer of Hodler Asset Management in 2025. He is responsible for the firm’s strategic direction, business development, and overall operations.
More about Alpár Kiss-Griz →
Zoltán Verbó
Chief Investment Officer
Zoltán has been with Hodler Asset Management since its inception and serves as Chief Investment Officer and Board Member. He is responsible for developing and executing the firm’s investment strategy and deal pipeline, and leading the development of the investment team.
More about Zoltán Verbó →
Pavle Nikezic
Country Manager Serbia
Pavle joined Hodler in 2022 and serves as Country Manager for Serbia. He is responsible for evaluating investment opportunities, executing transactions and managing portfolio companies. He currently serves as CEO of Superior Foods, a poultry slaughterhouse and one of the portfolio companies within Hodler Asset Management.
More about Pavle Nikezic →
Antónia Csiszár
Chief Operating and Compliance Officer
Antonia Csiszar joined Hodler Asset Management in 2022 as Operations Leader and Compliance Officer.
More about Antónia Csiszár →
Gerbrant De Boer
Senior Advisor
Gerbrant has been working for Hodler Asset Management since 2023, in various roles. During 2023-2024 he focused on supporting the Romanian and Serbian poultry operations, as a member of the board of the local companies. In 2025 he oversaw the Serbian poultry operation and pushed the modernisation program. Nowadays Gerbrant is advising the founder of Hodler.
More about Gerbrant De Boer →
Máté Bodnár
Investment Associate
Máté joined Hodler Asset Management in 2022 and is an Investment Associate. He is responsible for evaluating investment opportunities, deal execution, portfolio monitoring, and supporting M&A transactions and related negotiations.
More about Máté Bodnár →
Dénes Barta
Investment Associate
Dénes joined Hodler Asset Management in 2022 and directly supports the founder, Miklós Kerezsi, in daily and strategic duties. He oversees the performance of portfolio companies, facilitates communication across the group, and identifies operational synergies. He also leads selected strategic and cross-functional initiatives and is responsible for Hodler’s university talent programs.
More about Dénes Barta →
Dávid Urbányi
Investment Analyst
David joined Hodler Asset Management in 2025 as an Investment Analyst. In this role, he supports the end-to-end assessment of investment opportunities and plays a key part in group-wide controlling, building financial models and business plans, coordinating performance tracking across the group, and maintaining close collaboration with portfolio companies.
More about Dávid Urbányi →
Máté Ujvárosi
Investment Analyst
Máté joined Hodler Asset Management in 2025 and is an Investment Analyst. He is responsible for supporting the CEO in daily and strategic duties, as well as evaluating investment opportunities and managing the portfolio.
More about Máté Ujvárosi →
Ábel Zsigmond
Intern – Investment Analyst
Ábel joined Hodler Asset Management in 2024 as an Analyst. He is responsible for preparing monthly controlling reports, monitoring portfolio performance, as well as delivering analyses of key economic and financial trends, including in-depth market and competitor research.
More about Ábel Zsigmond →
Gabriella Ruttkay
Office Manager
Gabriella joined Hodler Asset Management in July 2022 and serves as an Office Manager. She is responsible for supporting the company’s day-to-day operations and contributes to the efficient handling of daily tasks through her precise and reliable approach.
More about Gabriella Ruttkay →
Júlia Hegyiné Szakonyi
Back Office Executive
Julia joined the Hodler Asset Management in 2022 to strengthen the operations team. With a background that blends people-focused communication and structured administrative expertise, she brings a thoughtful, reliable approach to keeping day-to-day operations running smoothly.
More about Júlia Hegyiné Szakonyi →Our Investment Strategy
The Hodler Asset Management primarily invests in the agri-food sector across Central and Eastern Europe, focusing on companies with complex operations where, in addition to capital, professional expertise and active ownership are required.A core element of our investment strategy is close collaboration with founders and management teams to support companies in reaching their next stage of development.
We primarily invest in entrepreneurially driven companies on a growth trajectory, supported by the following structural drivers:
- Succession-driven consolidation – Aging owners and limited succession planning accelerate consolidation.
- Fragmented value chains – Lack of scale and integration creates efficiency and consolidation opportunities.
- Rising capital intensity – Increasing capital needs require financial expertise and optimized structures.
- Technological modernization gap – Outdated systems create value through digitalization and automation.
- Global megatrends – Sustainability, changing consumption, and supply chain shifts reshape the industry.
- Food security priority – Government focus on domestic production strengthens sector relevance.
Our focus covers the entire agri-food value chain in its broadest sense, including all adjacent and supporting industries.
Equity ticket size: EUR 5–25 million
Majority ownership, or minority stakes with control rights alongside like-minded co-investors
Transformational impact via governance, capital, and strategic oversight
Our Portfolio
The Hodler Asset Management was built on entrepreneurial foundations. Starting from our founder’s grain trading business, our portfolio has expanded over the years through targeted investments, with these companies forming the backbone of the Hodler.
The establishment of two private equity funds in partnership with Hungarian institutional investors enabled the execution of a consciously designed and structured acquisition strategy, which we continue to follow today. Our portfolio companies now cover the full agri-food value chain across Central and Eastern Europe, reflecting both our operational heritage and our role as an active private equity investor.
