Value4Capital holds €80m close for Poland fund

The fund held a first close on 25 January. V4C Poland Plus has a €150m hard-cap, with the GP expecting to hold a final close no later than November 2018.

In February 2016, unquote" reported that the GP was exploring raising a new fund.

V4C became independent in late 2011, spinning out of Amundi Private Equity Funds, and is now owned by its three partners. The firm's current fund, V4C Eastern Europe, was raised in 2006-2007 with €156m in commitments and focused on mid-market companies in Poland and Romania. Most of its portfolio is now exited, according to the GP.

Investors
Commitments at first close were made by the European Investment Fund and the European Bank for Reconstruction and Development (EBRD), and the fund saw a "substantial" portion of capital coming from private Polish investors, V4C said. According to unquote" research in 2016, EBRD was considering an investment of up to €25m.

Investments
The vehicle targets investments in SMEs and small mid-cap companies, particularly in the service industries. Although focused on Polish assets, the fund has a mandate to invest in Romania, the Baltic countries and selectively other central European countries.

People
Value4Capital – Bill Watson (managing partner).

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• Topics
• Funds
• CEE
• Poland