bm|t beteiligungsmanagement thüringen gmbh, Erfurt, goes into operation of the investment funds with Private Equity Thüringen GmbH & Co. Zweite Beteiligungen KG (PET II). The fund is endowed with € 40 million. Its focus is on the funding of young, technology-oriented companies as well as small, medium-sized enterprises.
“The fund provides new impulse for further development of fast-growing companies in Thuringia and also activates other financing partners into making investments in these seminal companies”, says Dr. Guido Bohnenkamp, managing director of bm|t.
It is precisely the newly-founded companies and the small fast-growing companies who often find it difficult to obtain the capital resources necessary for the development and growth of the company. Private investors and banks are frequently reluctant to provide such financing. This creates a void in financing for these companies, which must then be filled by Federal and State venture capital companies.
For the future PET II will receive investments of up to € 4 million with no sector constraints. “We see ourselves as a universal investment company which invests fundamentally in all sectors”, emphasises bm|t’s managing director Dr. Guido Bohnenkamp. Of course a prerequisite is that the company is based in Thuringia or that it has at least substantial activities in Thuringia. The fund’s capital comes from the Thüringer Aufbaubank , bm|t and the Ärzteversorgung Thüringen.
The previous Private Equity Thüringen GmbH & Co. KG (PET I) fund totalling € 49 million was shared openly and calmly by 25 companies in the period from June 2006 to June 2009. The investments are still current.