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EMERAM Capital Partners

EMERAM Capital Partners

Munich, Germany·Founded 2012··emeram.com

EMERAM Capital Partners is a Munich-based mid-market private equity firm founded in January 2012 that invests in German-speaking companies across three verticals: digitalisation, energy transition and health and wellbeing. The firm manages more than EUR 800m across EMERAM Private Equity Fund I (EUR 400m after a 2019 capital increase), Fund II (EUR 200m, 2022) and two single-asset continuation vehicles for Boards & More (2021, led by Coller Capital) and ]init[ (2022, Schroders Capital sole LP).

AUM
€800M
Funds
2
vintages 2013–2022
Portfolio
9
Exits
8

Key facts

HQMunich, Germany
Founded2012
Websiteemeram.com

Recent exits

diva-e
IT Services2024 · 9yr hold
Officium
Business Services2023 · 3yr hold
]init[
IT Services2021 · 2yr hold
Boards & More
Boards & More
Consumer2021 · 8yr hold

Coverage notes

2 funds tracked, 17 portfolio companies (9 active · 8 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

17 companies
Consumer
5 · 29%
IT Services
3 · 18%
Energy
1 · 6%
Fintech
1 · 6%
Telecom
1 · 6%
ClimateTech
1 · 6%
Software
1 · 6%
HealthTech
1 · 6%

Funds & portfolio

Every fund EMERAM Capital Partners has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
EMERAM Private Equity Fund IIBuyout
2022 · 4yr€200M6 active

Unrealized

6 held
ace Group
ace GroupActive
EnergyGermany· Entry 2023
CoCoNet
CoCoNetActive
FintechGermany· Entry 2024
GarderosActive
TelecomGermany· Entry 2024
Hochfrequenz
HochfrequenzActive
IT ServicesGermany· Entry 2026
ProvitalActive
ConsumerGermany· Entry 2024
ClimateTechSwitzerland· Entry 2026
EMERAM Private Equity Fund IBuyoutHarvesting
2013 · 13yr€400M3 active · 8 realized

Unrealized

3 held
Frostkrone
FrostkroneActive
ConsumerGermany· Entry 2017
ConsumerGermany· Entry 2017
sofatutor
sofatutorActive
EdTechGermany· Entry 2021

Realized

8 exits
]init[Exited 2021
IT ServicesGermany· Entry 2019
Secondaryto
Boards & More
Boards & MoreExited 2021
ConsumerGermany· Entry 2013
Secondaryto
diva-eExited 2024
IT ServicesGermany· Entry 2015
Trade Saleto
Hussel
HusselExited 2018
ConsumerGermany· Entry 2014
Trade Saleto
Matrix42Exited 2021
SoftwareGermany· Entry 2015
Secondaryto
Meona GroupExited 2021
HealthTechGermany· Entry 2017
Secondaryto
OfficiumExited 2023
Business ServicesGermany· Entry 2020
Secondaryto
Xovis
XovisExited 2019
Deep TechSwitzerland· Entry 2016
Secondaryto
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Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Dr. Christian Naether
Managing Partner, Co-Founder
Dr. Kai Obring
Managing Partner, Co-Founder
Kai Koeppen
Managing Partner, Co-Founder

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Last updated August 2026 · Sourced from public filings · Report an issue