{"id":1950,"date":"2024-10-11T14:26:41","date_gmt":"2024-10-11T12:26:41","guid":{"rendered":"https:\/\/clcapital.de\/cl-capital\/"},"modified":"2026-02-02T23:35:35","modified_gmt":"2026-02-02T22:35:35","slug":"cl-capital","status":"publish","type":"page","link":"https:\/\/clcapital.de\/en\/","title":{"rendered":"CL CAPITAL"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1950\" class=\"elementor elementor-1950 elementor-2\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c654841 e-flex e-con-boxed e-con e-parent\" data-id=\"c654841\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6d4551c e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"6d4551c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b5634ca elementor-widget elementor-widget-heading\" data-id=\"b5634ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CL Capital \u2013 Intrinsic Fund<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93539d3 elementor-widget elementor-widget-heading\" data-id=\"93539d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Because intrinsic motivation leads to better results<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-78b8d41 e-con-full e-flex e-con e-parent\" data-id=\"78b8d41\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-83c59d1 e-con-full e-flex e-con e-child\" data-id=\"83c59d1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_offset_tablet&quot;:20,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset_mobile&quot;:0,&quot;sticky_effects_offset_mobile&quot;:0,&quot;sticky_anchor_link_offset_mobile&quot;:0,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-93695df e-con-full e-flex e-con e-child\" data-id=\"93695df\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-9c453d9 e-con-full e-flex e-con e-child\" data-id=\"9c453d9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;animation_tablet&quot;:&quot;none&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03c2145 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"03c2145\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Advisor of the Intrinsic Fund<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b084410 elementor-widget elementor-widget-text-editor\" data-id=\"b084410\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Clemens Lotz <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c8638e elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"7c8638e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:10,&quot;end&quot;:25}},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;],&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]}}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" class=\"portrait alignnone\" src=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/09\/Clemens-Lotz.avif\" alt=\"Clemens Lotz\">\nClemens is the founder of CL Capital GmbH and fund advisor to the Intrinsic Fund (ISIN DE000A2N68Z3). Born in Frankfurt am Main, he has lived in Cologne since 2011, where he completed his Master&#8217;s degree in Finance (M.Sc.) at the University of Cologne. Clemens bought his first shares when he was in High School and gained experience as an investor early on.  \n\nDuring his bachelor&#8217;s degree at Goethe University in Frankfurt, he worked for Shareholder Value, where he discovered his passion for long-term, fundamental investing (&#8220;Value Investing&#8221;). At the beginning of his master&#8217;s degree in Cologne, he moved to the &#8220;Investmentaktiengesellschaft f\u00fcr langfristige Investoren TGV&#8221;, where he was given the freedom to further develop his own investment style. He has been advising the Intrinsic Fund he initiated since 2019.  \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f563a80 e-con-full e-grid elementor-hidden-mobile e-con e-child\" data-id=\"f563a80\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-10e4c16 elementor-widget elementor-widget-text-editor\" data-id=\"10e4c16\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:10,&quot;end&quot;:25}},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;],&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]}}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><br>Clemens is the founder of CL Capital GmbH and fund advisor to the Intrinsic Fund (ISIN DE000A2N68Z3). Born in Frankfurt am Main, he has lived in Cologne since 2011, where he completed his Master&#8217;s degree in Finance (M.Sc.) at the University of Cologne. Clemens bought his first shares when he was in High School and gained experience as an investor early on.  <\/p><p>During his bachelor&#8217;s degree at Goethe University in Frankfurt, he worked for Shareholder Value, where he discovered his passion for long-term, fundamental investing (&#8220;Value Investing&#8221;). At the beginning of his master&#8217;s degree in Cologne, he moved to the &#8220;Investmentaktiengesellschaft f\u00fcr langfristige Investoren TGV&#8221;, where he was given the freedom to further develop his own investment style. He has been advising the Intrinsic Fund he initiated since 2019.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f35e2e2 elementor-widget elementor-widget-image\" data-id=\"f35e2e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"486\" height=\"577\" src=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Clemens_Lotz.jpg\" class=\"attachment-large size-large wp-image-1918\" alt=\"\" srcset=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Clemens_Lotz.jpg 486w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Clemens_Lotz-253x300.jpg 253w\" sizes=\"auto, (max-width: 486px) 100vw, 486px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d96a496 e-con-full e-flex e-con e-child\" data-id=\"d96a496\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_offset_tablet&quot;:40,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset&quot;:30,&quot;sticky_offset_mobile&quot;:20,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-46940e7 e-con-full e-flex e-con e-child\" data-id=\"46940e7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-bba9ad2 e-con-full e-flex e-con e-child\" data-id=\"bba9ad2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;animation_tablet&quot;:&quot;none&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-beece50 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"beece50\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investment Philosophy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec8bafe elementor-widget elementor-widget-text-editor\" data-id=\"ec8bafe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The investment philosophy of the Intrinsic Fund combines 3 core elements:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-273e28d e-con-full e-grid e-con e-child\" data-id=\"273e28d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-6975a27 e-con-full e-flex e-con e-child\" data-id=\"6975a27\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-48937f2 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"48937f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">My intrinsic motivation<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The intrinsic motivation of a business<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The intrinsic value of a company<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce946c1 elementor-invisible elementor-widget elementor-widget-button\" data-id=\"ce946c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/clcapital.de\/en\/investment-philosophy\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">To the Investment Philosophy<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e67dd6 elementor-absolute elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"8e67dd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"763\" src=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Grafik-white@4x-1-1024x977.png\" class=\"attachment-large size-large wp-image-1919\" alt=\"\" srcset=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Grafik-white@4x-1-1024x977.png 1024w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Grafik-white@4x-1-300x286.png 300w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Grafik-white@4x-1-768x733.png 768w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Grafik-white@4x-1-1536x1466.png 1536w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Grafik-white@4x-1-2048x1954.png 2048w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d16b262 e-con-full e-flex e-con e-child\" data-id=\"d16b262\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_offset_tablet&quot;:60,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset&quot;:60,&quot;sticky_offset_mobile&quot;:40,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-6a38f29 e-con-full e-flex e-con e-child\" data-id=\"6a38f29\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-fc04e9d e-con-full e-flex e-con e-child\" data-id=\"fc04e9d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;animation_tablet&quot;:&quot;none&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4247f05 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"4247f05\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Intrinsic Fund <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cde56b7 elementor-widget elementor-widget-text-editor\" data-id=\"cde56b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Long-term investments in a concentrated portfolio of companies<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e9cbf8 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"5e9cbf8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Intrinsic Fund invests worldwide in a concentrated portfolio of 10-15 company holdings. Intrinsically motivated entrepreneurs whose strategic vision creates sustainable competitive advantages are a key success factor. With its global focus, the fund exploits opportunities in established markets as well as in dynamic growth regions such as Latin America and Asia. The fund was launched in 2019.   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-455d89b e-con-full e-flex e-con e-child\" data-id=\"455d89b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aa4c705 elementor-invisible elementor-widget elementor-widget-button\" data-id=\"aa4c705\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/clcapital.de\/en\/intrinsic-fund\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">To the Intrinsic Fund<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2c09b09 e-con-full e-flex e-con e-child\" data-id=\"2c09b09\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_offset_tablet&quot;:80,&quot;sticky_offset&quot;:90,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset_mobile&quot;:60,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-8f99115 e-con-full e-flex e-con e-child\" data-id=\"8f99115\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-cc318b4 e-con-full e-flex e-con e-child\" data-id=\"cc318b4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;animation_tablet&quot;:&quot;none&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f5a6df elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"1f5a6df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Investor Letters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3f30e8 elementor-widget elementor-widget-text-editor\" data-id=\"e3f30e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Semi-annual reports on the development of the Intrinsic Fund<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a310a1 elementor-widget__width-initial elementor-widget-tablet__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"5a310a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The investor letter for the Intrinsic fund is published twice a year. These letters provide an overview of the performance and the portfolio structure. This is followed by an in-depth analysis of an investment or a topic relevant to the Intrinsic Fund.   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5af1e62 e-con-full e-flex e-con e-child\" data-id=\"5af1e62\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9929184 elementor-invisible elementor-widget elementor-widget-button\" data-id=\"9929184\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Intrinsic-Investorenbrief-Halbjahr-2025.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">First Half 2025<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c5ffdc elementor-hidden-mobile elementor-invisible elementor-widget elementor-widget-button\" data-id=\"0c5ffdc\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/Intrinsic-Investorenbrief-Gesamtjahr-2024.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Full Year 2024<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f58c8e elementor-invisible elementor-widget elementor-widget-button\" data-id=\"9f58c8e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/clcapital.de\/en\/investor-letters\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">All Investor Letters<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1988fb0 elementor-widget__width-initial elementor-tablet-button-align-start elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"1988fb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;40&quot;,&quot;button_width_tablet&quot;:&quot;50&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Newsletter Form\" aria-label=\"Newsletter Form\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"1950\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"1988fb0\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"CL CAPITAL - CL Capital GmbH - Intrinsic Fonds - Clemens Lotz\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"1950\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-60 elementor-md-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tHere you can subscribe to my semi-annual newsletter.\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Email\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-40 e-form__buttons elementor-md-50\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-md\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Subscribe to Newsletter<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<input\n                    class=\"apbct_special_field apbct_email_id__elementor_form\"\n                    name=\"apbct__email_id__elementor_form\"\n                    aria-label=\"apbct__label_id__elementor_form\"\n                    type=\"text\" size=\"30\" maxlength=\"200\" autocomplete=\"off\"\n                    value=\"\"\n                \/><\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-57bbd71 e-con-full e-flex e-con e-child\" data-id=\"57bbd71\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_offset_tablet&quot;:100,&quot;sticky_offset&quot;:120,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset_mobile&quot;:80,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-83484f3 e-con-full e-flex e-con e-child\" data-id=\"83484f3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-4c407a4 e-con-full e-flex e-con e-child\" data-id=\"4c407a4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;animation_tablet&quot;:&quot;none&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-72b6e51 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"72b6e51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Long-Term Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f09d459 elementor-widget elementor-widget-text-editor\" data-id=\"f09d459\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Shared Platform<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-701b907 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"701b907\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Long-Term Group provides the shared foundation for four distinct fund mandates, each individually advised by CL Capital GmbH, Falkenstein Management GmbH, LMN Capital GmbH, and MSA Capital GmbH. In addition to advising these established funds, we have been collaborating since 2025 on advising the Frankfurt Long-Term Value Fund. By establishing the Long-Term Group, we have intensified our cooperation and ensure a high degree of stability for our investors. With this platform, we pursue a common goal: to provide a home for the long-term compounding of capital for long-term oriented investors and ourselves.   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-777e821 elementor-widget elementor-widget-image\" data-id=\"777e821\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"110\" src=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/long-term-group-logo-1-1024x141.png\" class=\"attachment-large size-large wp-image-1920\" alt=\"Long-Term Group Logo white\" srcset=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/long-term-group-logo-1-1024x141.png 1024w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/long-term-group-logo-1-300x41.png 300w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/long-term-group-logo-1-768x106.png 768w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/08\/long-term-group-logo-1.png 1058w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-322f977 elementor-invisible elementor-widget elementor-widget-button\" data-id=\"322f977\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/clcapital.de\/en\/long-term-group\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">About the Long-Term Group<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-236e9d3 e-con-full e-flex e-con e-child\" data-id=\"236e9d3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;],&quot;sticky_offset_tablet&quot;:120,&quot;sticky_offset&quot;:150,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_offset_mobile&quot;:130,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t<div class=\"elementor-element elementor-element-cf1deef e-con-full e-flex e-con e-child\" data-id=\"cf1deef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-98a5a4e e-con-full e-flex e-con e-child\" data-id=\"98a5a4e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;animation_tablet&quot;:&quot;none&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-33c5e63 e-con-full e-flex e-con e-child\" data-id=\"33c5e63\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-d403b05 e-con-full e-flex e-con e-child\" data-id=\"d403b05\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-741749d elementor-widget elementor-widget-icon-box\" data-id=\"741749d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h2 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tContact\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h2>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-199c0be elementor-button-align-start elementor-mobile-button-align-start elementor-widget elementor-widget-form\" data-id=\"199c0be\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width_mobile&quot;:&quot;100&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"New Form\" aria-label=\"New Form\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"1950\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"199c0be\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"CL CAPITAL - CL Capital GmbH - Intrinsic Fonds - Clemens Lotz\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"1950\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-50\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-name\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tName\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-sm  elementor-field-textual\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tEmail\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-message elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-message\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tMessage\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<textarea class=\"elementor-field-textual elementor-field  elementor-size-sm\" name=\"form_fields[message]\" id=\"form-field-message\" rows=\"4\"><\/textarea>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons elementor-sm-100\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" viewBox=\"0 0 40 40\" width=\"40\"><path d=\"m31.3214642 38.0401891c-2.3308988-.7700313-4.5785068-1.7238883-6.7255977-2.8373032-.7630963-.3919551-1.5157502-.815122-2.2546229-1.2522033-1.6753169-.9885675-3.2847471-2.0846671-4.8179013-3.2743579-.8602127-.669443-1.696184-1.3666615-2.5077808-2.0915932-.4197038-.3746132-.8255289-.7526894-1.2278731-1.1412081-.4197039-.4023531-.8289919-.81165-1.2313361-1.2313361-.8255289-.8567408-1.6163563-1.7446667-2.3690812-2.6604214-.003472 0-.003472-.0034719-.006935-.0034719-.29135792-.3503274-.57925279-.7110618-.8636846-1.0786956-1.75514463-2.2546229-3.29859924-4.6756499-4.61322619-7.2389282-.263618-.5098852-.51682021-1.0302129-.75962439-1.5539326-.86021267-1.8487357-1.6059671-3.76344704-2.22336671-5.73010408-.37807623-1.22787311-.71453371-2.48007637-.99203054-3.74959487-.30523675-1.37705064-.54804094-2.77834262-.72840367-4.19703865v40h40c-2.3551402-.2913579-4.6583346-.7665594-6.8886274-1.404755-.5966036-.1768997-1.1967057-.3607344-1.7897752-.5549759zm-19.1435611-11.4147446-.0312207.0346838-.0659045-.1005883z\" fill-rule=\"evenodd\" transform=\"matrix(-1 0 0 -1 40 40)\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Send Message<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<input\n                    class=\"apbct_special_field apbct_email_id__elementor_form\"\n                    name=\"apbct__email_id__elementor_form\"\n                    aria-label=\"apbct__label_id__elementor_form\"\n                    type=\"text\" size=\"30\" maxlength=\"200\" autocomplete=\"off\"\n                    value=\"\"\n                \/><\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-23b5689 e-con-full e-flex e-con e-child\" data-id=\"23b5689\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9cce414 elementor-widget elementor-widget-heading\" data-id=\"9cce414\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">CL CAPITAL GmbH <br>Clemens Lotz<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dcb8fe elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"4dcb8fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-paper-plane\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Alte Wallgasse 2, 50672 Cologne<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-envelope\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">clemens.lotz@clcapital.de<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.google.com\/url?sa=t&#038;source=web&#038;rct=j&#038;opi=89978449&#038;url=https:\/\/de.linkedin.com\/in\/clemens-lotz-68340647&#038;ved=2ahUKEwjmi_Py1-SOAxXnhf0HHRaHDKIQFnoECBYQAQ&#038;usg=AOvVaw1aRKYfzdqp3VxjUV8tTCR7\" target=\"_blank\" rel=\"noopener\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-linkedin-in\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">LinkedIn: Clemens Lotz<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-790252c e-con-full e-flex e-con e-child\" data-id=\"790252c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<footer class=\"elementor-element elementor-element-3517774 e-con-full e-flex e-con e-child\" data-id=\"3517774\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-ef33053 e-con-full e-flex e-con e-child\" data-id=\"ef33053\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-277a1df elementor-widget elementor-widget-image\" data-id=\"277a1df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1231\" height=\"249\" src=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Logo-CL-Capital-Clemens-Lotz-white.png\" class=\"attachment-full size-full wp-image-1921\" alt=\"\" srcset=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Logo-CL-Capital-Clemens-Lotz-white.png 1231w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Logo-CL-Capital-Clemens-Lotz-white-300x61.png 300w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Logo-CL-Capital-Clemens-Lotz-white-1024x207.png 1024w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/Logo-CL-Capital-Clemens-Lotz-white-768x155.png 768w\" sizes=\"auto, (max-width: 1231px) 100vw, 1231px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3c952d elementor-widget elementor-widget-text-editor\" data-id=\"a3c952d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\u00a9 2026 CL Capital GmbH\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1a99ca elementor-widget elementor-widget-text-editor\" data-id=\"d1a99ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/clcapital.de\/en\/imprint\/\">Imprint<\/a> | <a href=\"https:\/\/clcapital.de\/en\/privacy\/\">Privacy Policy<\/a> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c422a56 e-con-full e-flex e-con e-child\" data-id=\"c422a56\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6feb28f elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"6feb28f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"438\" height=\"154\" src=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/NFA-Netfonds.avif\" class=\"attachment-large size-large wp-image-1922\" alt=\"\" srcset=\"https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/NFA-Netfonds.avif 438w, https:\/\/clcapital.de\/wp-content\/uploads\/2025\/07\/NFA-Netfonds-300x105.avif 300w\" sizes=\"auto, (max-width: 438px) 100vw, 438px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14c1ed7 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"14c1ed7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>On the following pages, as a contractually bound intermediary in accordance with Section 3, Paragraph 2 WpIG, we offer you the investment brokerage (Section 2, Paragraph 2 WpIG) of financial instruments within the meaning of Section 2, Paragraph 5 WpIG on behalf and under the liability of NFS Netfonds Financial Service GmbH, Heidenkampsweg 73, 20097 Hamburg (NFS). NFS is a securities institution and holds the necessary licenses from the Federal Financial Supervisory Authority (BaFin). Further information can be found in our Imprint.    <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/footer>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>CL Capital \u2013 Intrinsic Fund Because intrinsic motivation leads to better results Advisor of the Intrinsic Fund Clemens Lotz Clemens is the founder of CL Capital GmbH and fund advisor to the Intrinsic Fund (ISIN DE000A2N68Z3). Born in Frankfurt am Main, he has lived in Cologne since 2011, where he completed his Master&#8217;s degree in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1933,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-1950","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/pages\/1950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/comments?post=1950"}],"version-history":[{"count":10,"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/pages\/1950\/revisions"}],"predecessor-version":[{"id":3345,"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/pages\/1950\/revisions\/3345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/media\/1933"}],"wp:attachment":[{"href":"https:\/\/clcapital.de\/en\/wp-json\/wp\/v2\/media?parent=1950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}