Locked content PZU launches investment fund sales platform

WSE-listed, state-run insurer PZU launched a sales platform for its investment fund products, inPZU, where it will offer six passive funds with management fee capped at 0.5 percent of AuM, the company said in a market filing. “We hope that thanks to the simple intuitive solutions on our website, we ...

Locked content New Venture Capital fund by PZU and NCBR

Poland’s largest insurer PZU, along with the National Centre for Research and Development (NCBR) and Poland’s Ministry of Science and Higher Education (MNiSW), are establishing a non-public closed-end investment fund “Witelo Fund,” aimed at creating a venture capital-friendly...

Locked content Poland will establish $1.6 bln fund to help industries

Wojciech Kowalczyk, the Deputy Minister of the State Treasury, said a special investment fund, designed in part to help rescue troubled Polish miner Kompania Weglowa, will have around PLN6 billion ($1.6 bln) in assets. “We consider PLN 6 billion a reasonable size for the fund,” Kowalczyk...

Locked content CVC Capital to invest up to €1 billion in Poland

Private equity fund CVC Capital Partners treats Poland as the highest priority market, where as much as €1 billion may be spent on investments, said Przemysław Obłój, head of the fund.  “The CEE region is important to us, there is a four-person team working on its development. We have €11 bill...

Locked content Penta with lower profits

Czech investment fund Penta recorded net profits of €70 million in 2014, compared with €100 million a year before. The assets of the companies owned by the fund are valued at €6.7 billion, with Polish companies accounting for 20 percent of this amount. The fund’ EBITDA stood at €368 million, w...

Locked content Eiser Infrastructure may invest PLN 1.2 bln in Poland

Eiser Infrastructure, the world’s leading fund specializing in infrastructure investments, opened its office in Warsaw, Puls Biznesu daily reported. Equity capital of the Warsaw based Eiser CEE Infrastructure Fund totals €300 million (around PLN 1.2 billion). According to the daily, the compan...

Locked content Merger of major investment firms getting closer

Asset management firms Pioneer Investments, part of the UniCredit group, and Santander Asset Management, owned by Banco Santander, will sign a merger agreement by the end of the year, Andrea Morawski, UniCredit’s spokesperson told daily Rzeczpospolita. Together the two firms will manage €360 billion...

Szczurek proposes EU investment fund

The European Union needs a joint investment fund, Poland’s Minister of Finance Mateusz Szczurek told at the annual meeting of Brussels-based economic think-tank Bruegel on Thursday.

Chinese equity fund will invest in Polish infrastructure

CEE Equity, based in Warsaw, will invest USD 2 billion in Polish infrastructure projects, such as roads, waste disposal facilities, solar and wind energy among others, wrote Puls Biznesu. According to the managing director of CEE Equity, Rafał Andrzejewski, the fund will have more time to invest the...