{"id":15943,"date":"2021-12-30T11:44:20","date_gmt":"2021-12-30T10:44:20","guid":{"rendered":"https:\/\/www.bm-t.de\/2023-en\/bmt-venture-insights-4-21-an-optimal-investor-mix\/"},"modified":"2024-03-08T11:48:14","modified_gmt":"2024-03-08T10:48:14","slug":"bmt-venture-insights-4-21-an-optimal-investor-mix","status":"publish","type":"post","link":"https:\/\/www.bm-t.de\/en\/2021\/bmt-venture-insights-4-21-an-optimal-investor-mix\/","title":{"rendered":"bm|t Venture Insights 4\/21: An Optimal Investor Mix"},"content":{"rendered":"

The estab\u00adlish\u00adment of an opti\u00admal investor mix is indeed a process rather than an achieved state<\/strong> and in many cases is never com\u00adpleted, as the opti\u00admal investor mix changes as a com\u00adpany pro\u00adgresses through var\u00adi\u00adous devel\u00adop\u00admen\u00adtal phases. In the early stages of a company\u00b4s devel\u00adop\u00adment, when the enter\u00adprise is rapidly devel\u00adop\u00ading and fre\u00adquently rein\u00advent\u00ading itself, it is absolutely nor\u00admal and usu\u00adally quite healthy for the investor base to evolve as well.<\/p>\n

To achieve an opti\u00admal investor mix, one key ingre\u00addi\u00adent is hav\u00ading an abun\u00addance of investors from which to select the ideal part\u00adners. We are con\u00adfi\u00addent that our net\u00adwork of co-investors and our abil\u00adity to attract new investors to our Investee-Part\u00adners is a valu\u00adable asset for founders and entre\u00adpre\u00adneurs<\/strong> who part\u00adner with us. The vast major\u00adity of our funds require the par\u00adtic\u00adi\u00adpa\u00adtion of pri\u00advate investors on a pari-passu basis with our invest\u00adment, and this require\u00adment has for\u00adtu\u00aditously led to the devel\u00adop\u00adment of a var\u00adied and pow\u00ader\u00adful net\u00adwork of pri\u00advate co-investors, includ\u00ading other insti\u00adtu\u00adtional ven\u00adture investors, fam\u00adily offices, busi\u00adness angels, cor\u00adpo\u00adrates, etc.<\/p>\n

Because bm|t is for\u00adtu\u00adnate to have this broad and diverse set of co-investors<\/strong>, entre\u00adpre\u00adneurs who part\u00adner with us can gain access to investors who offer a healthy mix of cap\u00adi\u00adtal, expe\u00adri\u00adence, advice, addi\u00adtional net\u00adworks, resilience and ver\u00adsa\u00adtil\u00adity. We have found that a key ele\u00adment in main\u00adtain\u00ading a healthy investor mix is includ\u00ading investors who have diverse sources of cap\u00adi\u00adtal and vary\u00ading invest\u00adment philosophies.<\/p>\n

While hav\u00ading investors with dif\u00adfer\u00ading under\u00adly\u00ading views or man\u00addates can be chal\u00adleng\u00ading and stren\u00adu\u00adous, it is gen\u00ader\u00adally an advan\u00adtage for a com\u00adpany, espe\u00adcially when the investor mix is struc\u00adtured and bal\u00adanced appro\u00adpri\u00adately. For exam\u00adple, we believe it is extremely wise for entre\u00adpre\u00adneurs, even those who are able to attract suf\u00adfi\u00adcient pri\u00advate cap\u00adi\u00adtal at an early stage, to have an intel\u00adli\u00adgent mix of pri\u00advate and pub\u00adlic cap\u00adi\u00adtal<\/strong>. Impor\u00adtantly, these two investor groups often have a low cor\u00adre\u00adla\u00adtion in their access to capital.<\/p>\n

Gen\u00ader\u00adally, pri\u00advate investors are less vul\u00adner\u00ada\u00adble to reg\u00adu\u00adla\u00adtory or polit\u00adi\u00adcally-dri\u00adven changes than pub\u00adlic funds. Con\u00adversely, pub\u00adlic investors are less likely to reduce their invest\u00adment appetite (and in some instances actu\u00adally increase it) when broader macro\u00adeco\u00adnomic chal\u00adlenges emerge.<\/p>\n

The Corona pan\u00addemic over the past two years has, for many of our Investee-Part\u00adners, cer\u00adtainly demon\u00adstrated the value of hav\u00ading pub\u00adlic investors, as bm|t was able to access addi\u00adtional cap\u00adi\u00adtal in the form of two new funds (Th\u00fcringer Zukun\u00adft\u00adfonds & Th\u00fcringer Zukun\u00adft\u00adfonds II) in the midst of a cri\u00adsis period. We man\u00adaged these funds with a very sim\u00adi\u00adlar approach to our stan\u00addard funds, and were active in deploy\u00ading cap\u00adi\u00adtal to ensure our Investee-Part\u00adners\u00b4 promis\u00ading devel\u00adop\u00adments were not unduly com\u00adpro\u00admised due to the pandemic.<\/p>\n

In fact, Q4 was a remark\u00adably pro\u00adlific quar\u00adter of invest\u00adment activ\u00adity for us and capped off a record-break\u00ading year, which we detailed in the fol\u00adlow\u00ading press release:<\/p>\n

\u203a A record year 2021 for bm|t\u2019s Investee Partners<\/a><\/p>\n

We look for\u00adward to con\u00adtin\u00adu\u00ading to work with all our val\u00adued Investee-Part\u00adners and Co-Investors in the impor\u00adtant quest of estab\u00adlish\u00ading an opti\u00admal investor mix that cat\u00adalyzes and pro\u00adpels busi\u00adness suc\u00adcess<\/strong>,<\/p>\n

Your bm|t Team<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The estab\u00adlish\u00adment of an opti\u00admal investor mix is indeed a process rather than an achieved state and in many cases is never com\u00adpleted, as the opti\u00admal investor mix changes as a com\u00adpany pro\u00adgresses through var\u00adi\u00adous devel\u00adop\u00admen\u00adtal phases. In the early stages of a company\u00b4s devel\u00adop\u00adment, when the enter\u00adprise is rapidly devel\u00adop\u00ading and fre\u00adquently rein\u00advent\u00ading itself, it [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":15567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[3,250],"tags":[253],"class_list":["post-15943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-3","category-insights","tag-insights-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/15943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/comments?post=15943"}],"version-history":[{"count":0,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/15943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media\/15567"}],"wp:attachment":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media?parent=15943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/categories?post=15943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/tags?post=15943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}