ELAN SBI Capital Partners, an arm of Japanese financial services business SBI, and MFB Invest, the investment banking arm of the Hungarian Development Bank, have launched SBI Europe Fund, a EUR 100m vehicle designed to invest in small- and medium-sized enterprises across Central and Eastern Europe (CEE).
Managing partner Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018