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Private Equity FundAllocates capital directlyLAST VERIFIED Oct 2026 · 7 SOURCES

Bright Capital

Also known as BRIGHT CAPITAL Advisory GmbH, Bright Capital GmbH, Bright Capital Asset Management S.à r.l.

Frankfurt lower mid-market private debt manager (co-founded 2015) providing unitranche, senior and flex-equity financing for buy-and-build and growth in DACH, Benelux and the Nordics.

Frankfurt private debt manager; not Bright Pixel Capital or Bright Ventures (Portugal).

HEADQUARTERS
Frankfurt am Main, Germany
FOUNDED
2015
AUM
€400M (2026)
OUTSIDE CAPITAL
Yes
TEAM LISTED
9 people

FOCUS

STAGES
GrowthBuyout
SECTORS
HealthTechSoftware & SaaSEducationConsumer & E-commerce
ASSET MIX
Private credit
GEOGRAPHY
GermanyAustriaSwitzerlandNetherlandsBelgiumLuxembourgSwedenDenmarkNorwayFinland

WHAT IT IS

Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.

ABOUT

Bright Capital describes itself as a private debt investor in the European lower middle market, providing senior debt, unitranche, acquisition lines and minority 'flex equity' alongside debt for buy-and-build strategies, leveraged buyouts and growth, both sponsored and non-sponsored. It targets companies with €2-10M EBITDA, typically entering at €10-20M enterprise value, and invests €5-50M per deal. Its investors are German institutional investors, European pension schemes, funds of funds and family offices, and the firm is owned by its partners. Managing partners Matthias Mathieu and Karsten Batran co-founded the firm in 2015; it has a Frankfurt investment team and a Luxembourg asset management entity.

INVESTMENT THESIS

Commits significant capital early to buy-and-build platforms in fragmented, growing lower mid-market niches, preferring asset-light models with strong credit characteristics and staying invested as platforms grow towards €100M enterprise value.

PORTFOLIO (3)

  • OundA (opticians roll-up)
    HealthTech
  • Natsana (via DOMUM Unternehmer & Kapital)
    Consumer & E-commerce
  • Attikon (insurance broker roll-up)
    Fintech

TEAM

  • Matthias Mathieu
    Managing Partner (co-founder) · source
  • Karsten Batran
    Managing Partner (co-founder) · source
  • Degenhard Schroeren
    Managing Director / Lead Portfolio Manager · source
  • Felix Förster
    Partner · source
  • Marco Sedlmayr
    Partner · source
  • Diyor Tukhtaboev
    Vice President · source
  • Lukas Rohsiepe
    Senior Investment Associate · source
  • Maximilian Kühn
    Investment Associate · source
  • Annalisa Stang
    Investment Associate · source

LINKS

FAQ

Bright Capital is a private equity fund based in Frankfurt am Main, Germany, founded in 2015.

Yes. Bright Capital invests directly in private companies.

Bright Capital invests at Growth and Buyout stages in HealthTech, Software & SaaS, Education and Consumer & E-commerce.

Bright Capital's stated ticket size is €5M–€50M.

Key people at Bright Capital include Matthias Mathieu (Managing Partner (co-founder)), Karsten Batran (Managing Partner (co-founder)), Degenhard Schroeren (Managing Director / Lead Portfolio Manager) and Felix Förster (Partner).

Bright Capital's investments include OundA (opticians roll-up), Natsana (via DOMUM Unternehmer & Kapital) and Attikon (insurance broker roll-up).

Yes. Bright Capital manages capital from outside investors.