The combination of molecular recognition, phase transfer catalysis and
transition metal catalysis in one and the same water-soluble catalyst
leads to new perspectives, including increased activity, novel substr
ate selectivity and the possibility of simple catalyst recovery. For e
xample, Ph-complexes of beta-cyclodextrin modified diphosphanes functi
on as supramolecular catalysts in aqueous two-phase hydrogenation and
hydroformylation. Metal-containing dendritic compounds constitute anot
her new class of supramolecular catalysts which are easily recycled.