CEE & CIS Data Insights (Mid-Year 2020)

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Buyout-focused GPs raised USD783m for CEE & CIS in 1H 2020, becoming poised for acquisition opportunities

Private capital fund managers targeting CEE & CIS raised USD1b in 1H 2020, on par with the total for 1H 2019. Regional buyout managers raised USD783m, led by KJK Capital’s EUR221m (USD253m) final close for its third fund. In addition, Invalda INVL’s Baltic Sea Growth Fund reached a final close at EUR165m (USD185m). While PE firms with dry powder will be well-positioned to pursue deals in a new environment characterized by depressed asset prices, venture capital (VC) GPs have also continued to successfully raise funds for the undercapitalized region. VC fundraising reached USD179m in 1H 2020, below 1H 2019 but higher than any other half-year period on record. Among the most notable closings, OTB Ventures’ debut fund reached a USD100m final close in February—one of the largest VC funds raised for the region since 2015.