PEManagers to set up PLN 300 mln worth fund

Private Equity Managers (PEManagers) is going to establish a fund valued at over PLN 300 million, mulling launching bonds issue by the end of the year, said the firm's CEO Cezary Smorszczewski. Half of the funds are to be obtained outside MCI Management (the owner of PEManagers), Smorzewski added. PEManagers may also expand its investment budget, which currently stands at PLN 500 million. In the first quarter, net profits of PEManagers amounted to PLN 20.7 million, compared with PLN 3 million in a corresponding period of 2014. Private Equity Managers debuted on the WSE on April 9.