Pera Capital Hits EUR50 Million Second Close (CEE and CIS)

Source: AltAssets

Turkish private equity firm Pera Capital Partners has reached a second close on its Pera Capital Partners Fund I at EUR50 million (approximately US$65 million). The fund, which is targeting EUR120 million (approximately US$155 million) in total commitments, will invest EUR15 million per deal (approximately US$19 million) in middle market companies. Pera Capital also has completed its first deal, acquiring a controlling stake in Turkish residential mortgage processing company Fu Real Estate Services. Financial details of the deal were not disclosed.