# Perusa

Perusa is an Asset Manager based in Munich, Germany.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Munich, Germany
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** www.perusa.de
- **LinkedIn:** https://www.linkedin.com/company/perusa-inc
- **Wikidata:** Q13095961

## Regulatory record

- **Reports private funds:** No

## About

Perusa is a private equity firm that invests in management buyouts, growth capital, and other special situations for SMEs. The firm focuses on lower mid-market and middle market investments, including industry consolidation and recapitalizations. Perusa has made 2 investments and 6 portfolio exits, with its latest exit being Schroth Safety Products on July 14, 2022.

## Sectors

- Industrial Tech
- Aerospace & Defense

## People

- Dr. Christian Hollenberg — Gründungspartner
- Dr. Hanno Schmidt-Gothan — Gründungspartner
- Dr. Stephan Beller — Partner
- Karl Mutter — Investment Director

## Questions

### Who runs investment decisions at Perusa?

The two founding partners, Dr. Christian Hollenberg and Dr. Hanno Schmidt-Gothan, lead the firm alongside Partner Dr. Stephan Beller and Investment Director Karl Mutter. Hollenberg and Schmidt-Gothan set the strategic direction and are directly involved in sourcing and managing portfolio companies. The team operates from a single Munich office with no other investment committee disclosed.

### How does Perusa source proprietary deal flow?

Perusa derives deal flow from its specialization in transformation situations — corporate carve-outs, succession-driven sales, and restructurings — in the DACH region and Scandinavia. The founders' deep operational and consulting networks, including Hollenberg's background at Orlando Management and J.P. Morgan, connect the firm to off-market, complex deals where a standard private equity auction is often bypassed.

### Does Perusa run a single buyout fund or multiple vehicles?

Perusa advises a fund structure with 14-year terms, meaning it does not chase rapid exits. While the firm's website points to a fund website (perusafund.gg) for current portfolio detail, the exact number of funds and their vintage years are not publicly disclosed.

### What investment stages and transaction types does Perusa typically target?

Perusa targets mid-market companies already in operation that are experiencing a transition. Documented transaction types include buyouts, corporate carve-outs, succession-driven acquisitions, restructurings, recapitalizations, and spin-offs. It does not invest in early-stage venture or seed rounds.

### What is Perusa's known posture on co-investments?

The firm co-invests alongside other parties. When Loar Group acquired Schroth in July 2022, the announcement explicitly stated it purchased the company 'from Perusa and Co-Investoren' — confirming co-investors existed in that capital structure. The current co-investment policy or partner list is not publicly detailed.

### Does Perusa have a permanent capital or evergreen structure?

No. Perusa's fund structure is explicitly finite, with a disclosed 14-year term length. This is roughly 40% longer than the standard 10-year private equity fund, allowing for extended operational turnarounds, but the firm is not an evergreen or permanent-capital vehicle.

## Related profiles

- [Perspectiv Ventures](https://altss.com/profile/perspectiv-ventures)
- [Pesca Equity Partners](https://altss.com/profile/pesca-equity-partners)

---

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

Canonical page: https://altss.com/profile/perusa

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology