Net profits of PEManagers grows by 80% y/y in H1

In the first half of the year, private equity fund PEManagers recorded PLN 37.6 million in net profits, an increase of 80 percent on a yearly basis, a press release read. PEManagers also informed that the net profits reported in the H1 account for 73 percent of the planned financial results for the current year. Since the beginning of the year, the funds owned by the group have invested PLN 300 million in 17 projects (including two follow-ups), the press release also read. The entire portfolio totals PLN 2 billion. What is more, according to Cezary Smorszczewski, the firm's CEO, the fund-rising may exceed PLN 300 million that was assumed for this year.