EMH hits €350m final close for maiden fund
German venture capital firm EMH Partners has held a €350m final closing for its maiden growth capital vehicle, EMH Digital Growth Fund.
Alongside its maiden fund, the Munich-based GP also manages a €350m co-investment programme, which saw the fund manager acquire six companies.
Investors
The fund's LP base include pension funds, family offices, sovereign wealth funds, foundations, entrepreneurs and fund-of-funds. According to a statement, 90% of the LPs are based in Europe, half of which come from Germany and the remaining part from western Europe and Scandinavia. A smaller portion of LPs are based in the US.
The management team invested an eight-digit amount in the fund.
Investments
The fund aims for a five-year investment phase and targets later-stage venture investments through minority acquisitions in European technology-dedicated SMEs that generate revenues between €10-500m. As part of its investment strategy, the fund management team aims to inject €10-100m equity tickets with a holding period of up to 10 years.
The vehicle will mainly invest in the German-speaking area in Europe. It plans to add two or three companies to its portfolio per year.
At the time of publication, the fund already had two companies in its portfolio: Kiveda Group, a German multichannel provider of fitted kitchens, and German luminaires and lighting systems designer Occhio.
People
EMH Partners – Maximilian Kuss, Sebastian Kuss (managing partners).
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