May 4 (SeeNews) - Croatia-based Provectus Capital Partners, an investment company focused on Southeastern Europe, announced the final closing of its Adriatic Structured Equity Fund (ASEF fund), in which it has raised 94 million euro ($99 million), emerging as the largest private equity fund in the Adria region.
Since first closing in August 2020, assets under management increased by 38.5 million euro, or by 70%, the company said in a statement last week.
Provectus Capital Partners (PCP) attracted a broad investor base to the ASEF fund, consisting of 19 EU-based institutional investors like pension funds, insurance companies, regional and international banks, and development banks.
PCP has carried out ten investments via the ASEF fund to date, including 3 platforms in private healthcare, dental sector, and specialty retail, on top of which it made 7 add-on acquisitions to strengthen its platforms. Several new investments are in an advanced stage, with closing expected in the coming months, PCP said without elaborating.
Provectus Capital Partners focuses on investments in profitable companies, which require capital for further growth, investing in companies in growing sectors with solid industry consolidation potential.
($= 0.949 euro)