Croatian Provectus Capital Partners raises 94 million euros in the ASEF fund
ZAGREB (Croatia), May 4 (SeeNews) – Croatia-based investment firm Provectus Capital Partners, specializing in southeastern Europe, has announced the final closing of its Adriatic Structured Equity fund (ASEF fund), in which it raised 94 million euros ($99 million), emerging as the largest private equity fund in the Adria region.
Since the first close in August 2020, assets under management have increased by 38.5 million euros, or 70%, the company said in a press release last week.
Provectus Capital Partners (PCP) attracted a broad investor base to the ASEF fund, consisting of 19 EU-based institutional investors such as pension funds, insurance companies, regional and international banks and banks of development.
PCP has to date made ten investments via the ASEF fund, including 3 platforms in private health, the dental sector and specialized distribution, to which are added 7 additional acquisitions to strengthen its platforms. Several new investments are in advanced stages, with closing expected in the coming months, PCP said without giving further details.
Provectus Capital Partners focuses on investing in profitable companies, which need capital to continue their growth, by investing in companies in growth sectors with strong potential for industrial consolidation.
($= 0.949 euro)