Enterprise Investors sets up a €498 mln fund

Enterprise Investors has completed fundraising for its Polish Enterprise Fund VIII fund with €498 million raised, exceeding the original hard cap of €450 million. The fund will finance mid-market buyouts and growth companies in the CEE region, with at least 50 percent of it to be spent in Poland. “The fund, like its predecessors, will invest in sectors driven by the convergence of CEE domestic consumption with the “old” EU, such as consumer products and retail, financial services and healthcare, where EI has a substantial deal and exit experience. PEF VIII will also invest in sectors driven by CEE’s growing internationalization and competitive cost position, e.g. industrial products and services or IT,” CEO of Enterprise Fund Jacek Siwicki said.