KKA Management

About KKA Management

KKA Partners, catalogued under the slug KKA Management, is a Berlin-based mid-market private equity manager founded in 2018 by Dominic Faber, Patrick Feller and Kaspar Hartmann. The firm is structured as an independent general partner running closed-end Luxembourg fund vehicles. It operates two fund generations, Fund I and Fund II, the latter closing in July 2023 at €230 million in external commitments, oversubscribed above its €200 million target and at hard cap. Disclosed assets under management as of December 2024 are approximately €350 to €400 million across the two funds. The firm is headquartered in Berlin, Germany, and targets the German-speaking Mittelstand, positioning technology enablement of small and medium-sized enterprises as its core value-creation thesis.

Investment thesis

KKA pursues majority buy-outs of small and mid-sized Mittelstand champions in the DACH region of Germany, Austria and Switzerland, partnering directly with entrepreneurs and founders on succession and growth situations. Sector focus spans B2B services, healthcare, business process outsourcing, smart industries and consumer-branded goods and services. The signature value-creation lever is systematic technologisation, digitising and modernising the technology stack of traditionally analogue Mittelstand companies to drive margin expansion and scalability. The limited partner base for Fund II comprises institutional investors including endowment funds, pension funds, insurance companies, large family offices and entrepreneurs, with US institutional investors accounting for more than 40 percent of total commitments alongside returning Fund I limited partners and new European investors.

Recent activity

Portfolio investments include Curamed, a private mental health clinics group in healthcare, Xantaro in IT services and software for critical communication networks, SSF in business process outsourcing, and Prokuras in real estate services, all platform and majority investments. No exits have been publicly disclosed, as the firm has not announced a realisation across either fund generation as of December 2024. The platform continues to deploy majority buy-out capital across DACH Mittelstand companies. Detailed buyer names and multiple data available on Pro at €49/month.