Flagship Enterprise
The newly established Polish Enterprise Fund VI has gathered EUR 658 million (zł.2.6 billion) in just three months. Two-thirds of this came from European investors, with the remaining third coming from the US. Within the next three to four years Enterprise Investors (EI), the firm behind the fund, wants to invest some EUR 1.5 billion (zł.5.96) and it plans to introduce at least one company to the Warsaw Stock Exchange each year.
"We are satisfied that we are able to continue our cooperation with our previous investors and we have gained the credit of new ones. The investors wanted to give twice as much as we have received," says Jacek Sawicki, managing partner at EI.
Due to the high value of the fund, EI will not be interested in start-up projects, or those worth less than zł.100,000. Over 60 percent of the money will go to Polish companies, and the rest will be invested in the CEE region.
Now, after the establishment of the Polish Enterprise Fund VI, the total resources gathered by Enterprise Investors stands at EUR 1.6 (zł.6.34) billion. The fund has introduced 24 companies to the WSE.