Polish company Enterprise Investors has attracted 300 million euros for its new investment fund, Polish Enterprise Fund V, which will mainly operate in Poland and will invest up to 30% of its funds in Central and Eastern Europe, Romania included.
Polish Enterprise Fund V will be the biggest investment fund managed by Enterprise Investors, one of the main Central European companies operating in the field, and the main fund in Central Europe, according to an Enterprise Investors release.
The capital attracted by the fund comes from pension funds, insurers and financial institutions from the United States and Western Europe.
"Polish Enterprise Fund V includes new investors in the area, but also investors that have worked with our previous funds. Their decision to join us in PEF V confirms the past performances of Enterprise Investors and Poland's appeal to investors," Jacek Siwicki, managing partner with Enterprise Investors said, adding the first Polish Enterprise Fund V investments will be made in the next days.
PEF V will apply the company's traditional strategy, investing in companies with solid management, strong market position and high growth potential.
The fund will most likely put money into financial services, consumer goods, telecommunications, retail, health, production and environment. Besides Poland and Romania, the fund will also invest in countries such as Slovakia, the Czech Republic, Hungary, Bulgaria and the Baltic States.
Enterprise Investors has been operating since 1990 and is managing funds worth more than one billion dollars, including PEF V. By January 2004, the funds managed by Enterprise Investors had invested 684 million US dollars in more than 92 companies based in Poland, Romania and Slovakia. The funds exited 58 businesses and paid back $659 million to investors.
