The announced investment fund for growth companies is signed and sealed. “The second round of subscriptions for the fund has now been successfully concluded “, said the managing director of beteiligungsmanagement thüringen gmbh (bm|t), Dr. Guido Bohnenkamp, in Erfurt.
The fund – Private Equity Thüringen GmbH & Co. KG (PET-Fonds) – made its first investment today in the software producer Alea GmbH from Jena. Alea is receiving one million euros from the fund. The company develops new software for the mail order business and will use the capital injection to finance its future growth and accelerate its product development.
The PET fund has funds of 70.9 million euros. Thirty million euros of this comes from the European Regional Development Fund (ERDF), ten million euros from Thüringer Aufbaubank, and another 30,9 million euros is contributed by Landesbank Hessen-Thüringen, Ärzteversorgung Thüringen, Sparkassenversicherung, Kreditanstalt für Wiederaufbau (KfW) and Sparkasse Jena.
The PET fund will invest in small and medium-sized enterprises with above average growth prospects and in start-ups that are developing new products. The size of an investment can be from one to five million euros and both open and silent partnerships are possible. Rescue operations are excluded. The fund is managed by beteiligungsmanagement thüringen gmbh (bm|t), a subsidiary of Thüringer Aufbaubank.