21 Concordia holds €100m final close

The fund closed short of its €150m target, nearly two years after announcing a €60m first close in November 2013. Launched in 2011, the vehicle began investing in 2014 and has completed deals for Polish debt collection business EGB, as well as discount clothing retailer TxM.

21 Concordia said two additional investments are currently being reviewed, and could be completed soon.

Investments
The vehicle will follow the strategy of 21 Partners' French, Italian and Swiss funds, targeting small and medium-sized Polish companies with revenues of €10-50m looking to grow and expand internationally.

Investors
LPs in 21 Concordia's fund include international institutional investors, in addition to commitments from the European Investment Fund (EIF), the European Bank for Reconstruction and Development and the Polish Growth Fund-of-Funds – an initiative backed by Bank Gospodarstwa Krajowego and EIF.

People
Dariusz Górka, Andrzej Mierzwa, Marek Modecki and Dawid Sukacz are the managing partners of 21 Partners' Warsaw branch.

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