# EMERAM Capital Partners

EMERAM Capital Partners is a Private Equity based in Munich, Germany.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Munich, Germany
- **Founded:** 2012
- **Assets under management:** €800M (per firm website)
- **Website:** emeram.com
- **LinkedIn:** https://www.linkedin.com/company/emeram-capital-partners-gmbh

## Regulatory record

- **Reports private funds:** No

## About

EMERAM Capital Partners invests in equity stakes in German, Austrian, and Swiss "Mittelstand" companies. The firm targets high-quality businesses with strong market positions. EMERAM has made 9 investments, including Provital in June 2024, and has exited 7 portfolio companies, including diva-e Digital Value Enterprise in June 2024.

## Sectors

- Digital Health
- Energy Transition & Renewables
- Enterprise Software
- Media & Entertainment

## People

- Kai Köppen — Managing Partner
- Dr. Christian Näther — Managing Partner
- Dr. Kai Obring — Managing Partner

## Questions

### Who runs investment decisions at EMERAM?

The three Managing Partners — Kai Köppen, Dr. Christian Näther and Dr. Kai Obring — lead investment decisions. They have been together since the firm’s founding in 2012. Each partner brings a track record from prior private equity roles in the German-speaking mid-market, though those earlier affiliations are not publicly detailed by EMERAM. The firm also draws on a senior advisor network chaired by Ralf Pütmann for sector-specific guidance.

### Does EMERAM participate in fund commitments or only direct deals?

EMERAM invests directly into portfolio companies, nearly always taking control or significant minority positions that allow it to drive value-creation plans. The firm does not advertise a fund-of-funds program or LP commitments to other managers. Its strategy involves direct equity and buy-and-build development, often funding add-on acquisitions from its managed vehicles.

### What investment stages does EMERAM typically target?

EMERAM targets growth-stage and mature mid-market companies that are ready to scale, not early-stage startups. Its deal toolkit includes succession-driven buyouts, management buy-ins, complex carve-outs and public-to-private transactions. Portfolio company sofatutor, for example, was a revenue-generating digital learning platform at the time of investment, reflecting EMERAM’s preference for proven business models with expansion potential.

## Related profiles

- [Emerald Technology Ventures](https://altss.com/profile/emerald-technology-ventures)
- [E-merge Capital Partners](https://altss.com/profile/e-merge-capital-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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