Asset Manager

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Mittelständische Beteiligungsgesellschaft Mecklenburg-Vorpommern

Michael Meis and Carsten Krull direct the state-backed equity firm investing in SMEs across Mecklenburg-Vorpommern from Schwerin.

Mittelständische Beteiligungsgesellschaft Mecklenburg-Vorpommern

The firm operates from Schwerin as the equity-investment arm linked to the state of Mecklenburg-Vorpommern. It shares management, office space, and an address at Graf-Schack-Allee 12 with its sister guarantee bank, Bürgschaftsbank Mecklenburg-Vorpommern GmbH, and the two entities function as complementary public-policy tools for regional economic development. The managing directors, Michael Meis and Carsten Krull, lead the organization with a mandate to support the Mittelstand — the family-run and owner-operated businesses that form the backbone of the regional economy but often lack access to institutional equity. This is not a family office recycling private wealth; it is a state-backed hybrid that blends public guarantees with direct minority and majority buyout positions. The investment strategy centers on buyout transactions for established SMEs in Mecklenburg-Vorpommern. The firm provides equity capital, typically in situations where private venture capital or growth equity funds find deal sizes too small or the sectors too traditional — manufacturing, craft-based industries, business services, and light industrial. By taking direct stakes, the firm strengthens balance sheets, supports succession transitions, and enables growth investments that local banks cannot finance alone. The partnership with the state government provides a backstop that allows the firm to take patient, long-term positions without the exit-pressure timelines that constrain conventional private equity. The firm is integrated into Germany's guarantee-bank ecosystem through membership in the Verband Deutscher Bürgschaftsbanken, and it maintains ties to the broader private-capital community via the Bundesverband Beteiligungskapital and the business-angel network BAND. These affiliations connect a small Schwerin-based team into national deal-flow and co-investment circuits. No disclosed AUM or team-headcount figures are publicly available, consistent with a vehicle that operates more like a regional development institution than a reporting fund manager. The team size is likely lean, drawing on shared back-office functions with the guarantee bank. What distinguishes this firm is its structure as a public-private hybrid equity provider operating outside the standard fund model. There is no limited-partner base, no fundraising cycle, and no traditional carried interest — the capital is effectively evergreen and tied to the state's economic policy objectives. This architecture allows the firm to hold companies indefinitely and to prioritize employment and regional stability over IRR. For allocators mapping the German private-equity landscape, it occupies a distinct niche: a buyout investor that behaves like a development bank.

General information

Firm type

Generalist

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Germany

City

Schwerin

Corporate office

Schwerin, Germany

Principals

Michael Meis

Managing Director

Carsten Krull

Managing Director

Frequently asked questions

Who runs investment decisions at the firm?

Day-to-day management and investment decisions rest with the two managing directors, Michael Meis and Carsten Krull, who jointly lead both Mittelständische Beteiligungsgesellschaft Mecklenburg-Vorpommern and the closely linked guarantee bank. There is no disclosed investment committee beyond the managing-director level. The firm's public-sector backing means the state of Mecklenburg-Vorpommern likely exercises oversight, but transaction approval appears delegated to the directors.

How is the firm related to Bürgschaftsbank Mecklenburg-Vorpommern?

The two entities share managing directors, office space at Graf-Schack-Allee 12 in Schwerin, and administrative infrastructure. The guarantee bank issues credit guarantees that help regional SMEs secure bank loans, while the equity firm provides direct risk capital. Together they form a two-pillar public-support system, with the guarantee bank handling credit enhancement and the Beteiligungsgesellschaft handling equity placement.

Is this a single-family office or a private-equity firm?

Neither. It is an asset manager operating as a state-backed economic-development vehicle. Unlike a single-family office, it has no private wealth origin. Unlike a conventional private-equity firm, it does not raise blind-pool funds from institutional LPs. Its capital base is publicly guaranteed, tied to the state of Mecklenburg-Vorpommern, and deployed exclusively in regional SMEs.

Does the firm invest nationally or only in Mecklenburg-Vorpommern?

The mandate is explicitly regional, focused on small and mid-sized enterprises headquartered or operating primarily in the state of Mecklenburg-Vorpommern in northeastern Germany. The firm's public-funding rationale — closing an equity gap in a structurally weaker region — limits its geographic scope. It does not pursue investments in Berlin, Hamburg, or the more industrialized western German states.

What type of companies does the firm target?

The firm targets established Mittelstand companies — owner-operated, often family-run businesses in traditional industries such as manufacturing, craft trades, business services, and light industrial sectors. Target companies are typically too small for mainstream private-equity funds and lack access to venture capital. The investment thesis centers on buyout and growth capital, including succession situations where a retiring owner has no internal successor.

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