SHS Investors

Trust since more
than 27 years

Investors can participate in a diversified portfolio of innovative companies from the life science and medical technology sector via SHS funds.

Our investor base comprises private and institutional investor groups with a long-term focus, including well-known family offices, pension funds, pension schemes, fund of funds, banks/savings banks, churches, health insurance companies and industrial companies. They also include the European Investment Fund and KfW.

The SHS management is also invested with significant amounts in the fund, which ensures a high degree of identity of interests.

The shareholders of SHS are Dr. Bernhard Schirmers, Hubertus Leonhardt and Uwe Steinbacher.

SHS History

Company history

2019

Closing of the 5th fund generation (SHS V). The fund is currently in the investment phase. As the fund is closed, an investment in this fund is no longer possible for investors. Subscriptions will only be accepted again after the launch of the 6th fund generation.

2015

Closing of the 4th fund generation (SHS IV), which, like its predecessor fund, invests in companies from the life sciences/medical technology sector in German-speaking countries.

2008

Closing of the 3rd fund generation (SHS III), which invests in growth companies in the life sciences sector

2000

Closing of the 2nd fund generation in the form of two funds (SHS IIa and IIb) with a focus on technology and growth respectively.

1994

Closing of the 1st fund generation (SHS I) - Agreement of a joint venture with a Landesbank.

1993

The former McKinsey employees Reinhilde Spatscheck, Dr. Bernhard Schirmers and Klaus Hentges found SHS.

Fund Strategy

Fund Strategy

SHS has an outstanding annual deal flow of investment opportunities in the healthcare sector due to its long-standing focus on this sector.

From a pool of over 500 opportunities per year, we identify the most attractive investments for our investors and ensure that our investors' capital flows into the most promising opportunities.

SHS funds build a portfolio of approximately 10-15 minority and majority stakes in companies of the target sector. The investments are spread over phases and investment occasions.

By spreading the investments over dynamic young companies (venture capital) on the one hand and established companies (private equity) on the other hand, a balanced portfolio is created, which is characterised by both a wealth of opportunities and stability.

Our investments in the area of growth complement this strategy perfectly, as they generate additional return potential for our investors.

Fund-
Allocation

35% Private Equity

35% Growth

30% Venture Capital

Key Facts

Key facts of the SHS V Fund

Fund data

Our investor base

Sector allocation

Geographic focus

Investment situations

  • Fund volume: >130 Mio. €
  • Launch: 2017
  • Closing: 2019
  • Duration: 10 + 2 Jahre
  • Investment amounts of the fund: 2 to 30 Mio. €
  • Investment amounts together with co-investors: 100 Mio. €

5

Mio. € average investment size of our LPs

  • Pension funds & pension schemes
  • Family offices
  • Wealthy private individuals
  • Fund-of-Funds
  • Industrial enterprises
  • Church investors
  • SHS team

12

LPs in current fund repeating investing

  • Life science
  • Medical Technology
  • Diagnostics
  • Digital health
  • Applied technologies
  • Industrial biotechnology & pharmaceuticals (no drug development)

10

Factor, stating the increasing of sales in our portfolio companies since entry of SHS (SHS III)

  • Germany
  • Austria
  • Switzerland
  • Scandinavia
  • Benelux countries

15

Transactions per fund targeted

  • Growth capital/equity strengthening
  • MBO/MBI
  • Change of shareholder/succession
  • M&A financing
  • Spin-off

5

Transactions realized
since launch SHS V

Structure and Corporate Governance of the SHS Funds:

1.

The SHS Funds are predominantly structured in an asset management manner and are tax-transparent. The domicile of the funds and the management company is Germany.

2.

The funds submit quarterly reports to investors in accordance with customary international standards and are audited annually.

3.

Ethical and sustainable criteria (ESG) have been incorporated into our internal ESG principles and within the fund contracts.

The partnerships with our investors are designed for the long term, with many of our investors being involved across different fund generations. Since we as the management team invest in our funds ourselves, we are able to ensure that the interests of our investors are completely aligned.

Hubertus Leonhardt

Managing Partner of SHS

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