ABOUT HARTELT
Hartelt Fund Management is a fund manager, specialized in healthcare real estate. Our Apollo Healthcare Property Fund has been established to respond to the growing and changing demand for healthcare facilities and senior housing.
We offer institutional investors stable cashflows and low correlated, inflation-linked income returns in combination with a significant social impact by investing in high-quality, sustainable and affordable housing and healthcare facilities for the benefit of senior citizens and healthcare providers.
Our team consists of highly experienced professionals with a strong track record in managing real estate investment funds, healthcare real estate and risk management. As a boutique fund manager we are very focused and have a strong alignment with our clients.
Our company was founded in 2013. Hartelt is located in Maastricht and is regulated as an AIFM by the Dutch Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).
We aim to be the largest private investor in Dutch healthcare real estate by 2030, having invested at least € 1 billion in high-quality, sustainable and affordable healthcare facilities and senior housing.
SENIOR MANAGEMENT TEAM
Hartelt has a stable team of dedicated professionals with on average over 20 years of experience. Our team is multidisciplinary with a proven track record in managing institutional real estate investment vehicles, healthcare real estate and risk management.

Joep Munten

Michel van Oostvoorn

Victor Gulickx

Rob Coenen
HISTORY
Hartelt was founded in 2013 and was then located in the historical country estate Vaeshartelt, situated on the north side of Maastricht. The name Vaeshartelt originated in 1381 when Servaes van Mulcken, alderman of Maastricht, became owner of the Hartelt estate. This gave rise to the name Vaeshartelt (= (Ser)vaes his Hartelt).
In 1851, the well-known Maastricht industrialist Petrus Regout bought Vaeshartelt from King Willem II.
Due to the growth the company has experienced since 2013, Hartelt Fund Management has now moved to a more centrally located and easily accessible office in Maastricht. The name Hartelt, however, will certainly be honored by this underlying history.
OUR MISSION
The Apollo Healthcare Property Fund has been established to respond to the growing and changing demand for healthcare real estate. The fund invests in high quality, sustainable and affordable senior housing and healthcare facilities that benefit the well-being of residents and healthcare providers. Institutional investors in the fund benefit from stable cashflows and low correlated, inflation-linked income returns in combination with a significant social impact.
OUR GOAL
We aim to be the largest institutional investor in Dutch healthcare real estate by 2030, having invested at least € 1 billion in high-quality, sustainable and affordable healthcare facilities and senior housing.
CORE VALUES
AUTHENTIC
We are always genuine and true to ourselves
RESPONSIBLE
We cherish the confidence our partners have entrusted us with
TRANSPARENT
We are accountable for our actions and words
DEDICATED
We are committed to our purpose and long-term strategy
BOARD
Hartelt’s management consists of Joep Munten, Victor Gulickx and Michel van Oostvoorn. Ownership of Hartelt is held by its senior management and by LIOF as a strategic minority shareholder. LIOF is an investment company owned by the Dutch Ministry of Economic Affairs and the Province of Limburg and provides growth capital for innovative companies.
REMUNERATION POLICY
- Hartelt’s remuneration policies are consistent with and contribute to sound and effective risk management and do not encourage unnecessary or unacceptable risk-taking by Hartelt or its clients.
- The purpose of the remuneration policy is to prevent remuneration from resulting in improper treatment of participants, excessive sustainability risk-taking or other risky behavior that could have a negative effect on the funds, on Hartelt as well as on the financial sector as a whole. Hartelt believes that the remuneration system should correlate with this in such a way that the employees involved focus on the long-term interests of the participants, the avoidance of excessive sustainability risks and the management of risks for the funds and Hartelt.
- When remuneration is performance-related, the total amount of remuneration is based on a combination of the assessment of the performance of the employee concerned, the business unit concerned and the results of the financial company as a whole. When assessing personal performance, both financial and non-financial criteria are used. Sustainability aspects are not part of this.
- The Hartelt’s total payroll is shown in the funds’ and Hartelt’s annual reports.
- The policy may be updated without notice and will be published here.