SHS Launches Sixth Fund; First Close at More Than €220M

SHS Gesellschaft für Beteiligungsmanagement, a Tübingen, Germany-based healthcare growth equity firm, received capital commitments of over 220 million euros for its sixth fund at the first closing.

More than 60 investors are already invested in the SHS VI Fund. These investors come from the areas of funds-of-funds, insurance companies, pension funds, foundations, family offices, banks, healthcare groups, church investors and entrepreneurs. The largest investors include, for example, the European Investment Fund, the Scandinavian foundation Realdania, the Swiss Helsana HealthInvest, the L-Bank Baden-Württemberg and larger family offices. Furthermore, the SHS investment team itself has invested significantly.

Investors can still participate in SHS VI until the final closing.

Led by Hubertus Leonhardt, partner and managing director responsible for fundraising, and Uwe Steinbacher, Managing Partner, the fund aims to make majority and minority investments in the healthcare sector. A total of 12-15 investments are planned. It focuses on corporate transactions of up to € 250 million. The fund can refinance the corresponding equity tranches with up to € 50 million from its own resources. In the case of higher equity requirements, SHS increases the volumes by co-investments from investors invested in the fund or syndicates with cooperating private equity houses. Expansion and innovation financing, succession situations and shareholder changes represent the focus of the investments sought.