# Mittelstandische Beteiligungsgesellschaft Thuringen

Mittelstandische Beteiligungsgesellschaft Thuringen is an Asset Manager based in Erfurt, Germany.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Erfurt, Germany
- **Region:** Europe
- **Address:** Bonifaciusstraße 19, 99084 Erfurt, Germany
- **Founded:** 1993
- **Assets under management:** Undisclosed
- **Website:** www.mbg-thueringen.de
- **LinkedIn:** https://linkedin.com/company/mbgthueringen

## Regulatory record

- **Reports private funds:** No

## About

MBG Thüringen vergibt stille und offene Beteiligungen für Thüringer Unternehmen als wirtschaftliches Eigenkapital. Beteiligungen werden an erfolgversprechende kleine und mittlere Unternehmen oder Existenzgründer aus der gewerblichen Wirtschaft vergeben. Als Fördereinrichtung der Thüringer Wirtschaft bietet sie seit 1993 stille und offene Beteiligungen zur Stärkung des Eigenkapitals an. Die Leistungen stehen Betrieben aus allen Branchen außer Landwirtschaft zur Verfügung.

## People

- Stefan Schneider — Managing Director
- Michael Burchardt — Managing Director

## Questions

### How does MBG Thüringen provide equity without taking control?

It uses silent participations (stille Beteiligungen), a form of mezzanine capital common in German public-investment banking. The firm provides economic equity — ranking behind senior debt but ahead of pure shareholder equity — without voting rights or operational interference. This structure qualifies as core capital for bank-rating purposes while leaving the founding or family owners in full strategic control.

### Who sets the investment strategy for MBG Thüringen?

Managing Directors Stefan Schneider and Michael Burchardt jointly lead the institution. The firm operates under a public-investment mandate tied to Thuringian economic development, and its strategy — supporting founding, growth, and succession across the state — is shaped in close cooperation with the Thüringer Aufbaubank and industry bodies such as the Bundesverband Deutscher Kapitalbeteiligungsgesellschaften.

### What is the firm’s relationship with Thüringer Aufbaubank and Bürgschaftsbank Thüringen?

MBG Thüringen functions as a sister organization to the regional development bank (TAB) and the state’s guarantee bank (BBT). The three entities form a financing cluster for Thuringian SMEs: TAB handles subsidized loans, BBT provides guarantees for bank debt, and MBG supplies equity and equity-like instruments. They also collaborate on events such as the annual New Year’s Reception and the MBG Beratertag.

### Does MBG Thüringen invest outside Thuringia?

No. Its entire mandate is geographically restricted to the state of Thuringia. It invests exclusively in companies with headquarters or significant operations in the state. The territorial link is the core of its public-development mission.

### Can external investors co-invest alongside MBG Thüringen?

The firm does not structure pooled funds or invite third-party LP capital. It acts as a principal investor from its own balance sheet. On technology deals, it co-invests with bm|t beteiligungsmanagement thüringen gmbh, the designated regional venture-capital co-investor.

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Last updated: 2026-08-11T15:07:26.757Z

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