Brockhaus Private Equity has made its first investment from its first fund that was closed in May this year. The investment in Cyberchart, a software management company, was for euro4 million. Co-investing with Brockhaus Private Equity was TBG, which is an institutional investor in Brockhaus Private Equity’s first fund, which closed in May this year having raised euro50 million.
Brockhaus Private Equity, based in Frankfurt in Germany, was founded early last year by Marco Brockhaus and Andreas Rosenberg after the pair left 3i, where they had worked for three and a half years and 18 months, respectively. They are joined by Barbara Altmeyer who concentrates on fund administration. Altmeyer was previously with the incubator arm of Startup Campus. Startup Campus has since ceased its incubation services but the group continues to trade.
Brockhaus Private Equity raised euro40million of its fund from US and German institutional investors and a further euro10 million from private investors, who represent a networking element of the fund for Brockhaus Private Equity.
The firm will invest in TMT, e-commerce and service companies in deals of around euro5 million to euro10 million size.