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EMH Partners closes sophomore growth fund on nearly double the capital of the predecessor

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 EMH Partners has held the final close of its Growth Fund II on €650m, which will invest into small and medium-sized (SME) businesses in Germany.

The oversubscribed fund is nearly double the size of its predecessor, which closed on €350m in 2017.

This new vehicle will continue the investment strategy of the previous fund, which will see it back SMEs focused on digitalisation in Germany and other German speaking countries.

There was strong support from existing investors for the new fundraise. Contributions came from public and private pensions, fund-of-funds, insurance companies, world renowned endowments, financial institutions and family offices.

Investors were split 36% from the DACH region, 39% from the rest of Europe and 25% from North America.

It was revealed earlier in the year that The Texas County and District Retirement System deployed €50m to the fund.

EMH co-founder and managing partner Maximilian Kuss said, “Despite the global effects of the Covid-19 pandemic, we have exceeded all our funding targets for the Fund. We have built reliable relationships with a well-renowned and diversified group of blue-chip investors, putting us in a strong position to continue to capitalize on the outstanding opportunity in the German Mittelstand.

“We are grateful for our investors’ support in face of the challenges of the Covid-19 pandemic, which reflects the strong confidence in our strategy and team.”

With the close of the fund, EMH has increased its total committed capital under management to over €1bn.

Rede Partners served as the placement adviser for EMH and Simpson Thacher & Bartlett acted as the law firm.

EMH’s portfolio includes digital instruments and music production company Native Instruments and image-guided medical technology developer Brainlab.

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