MCI Management to invest PLN 0.5 bln

Venture capital fund MCI Management is set to invest as much as PLN 500 million in new investment projects this year. The company estimates that its net assets per share will grow by 15-20 percent, the company announced. In terms of strategic targets, the main tasks are to stabilize the exchange rate of ABC Data S.A. and to sell the Czech company Invia, the firm's annual report read. The company will invest in five investment funds, representing  five different investment strategies, ranging from buyout and growth investments, through technology start-ups to debt instruments and real estate. The MCI Management group reported consolidated net profit of PLN 265 million in 2014. The value of assets grew to PLN 1.03 billion. MCI Management has been listed on the WSE since 2001.