EBRD mulls 15 mln euro equity investment in Cogito Fund II

The fund will make equity and quasi-equity investments in innovative technology companies in these countries, as well as in Poland, Czech Republic, Estonia, Latvia, Lithuania, Hungary, and Slovak Republic, EBRD said in a statement.

The new fund will be managed jointly by Cogito II General Partner S.A.R.L, a limited liability company to be incorporated in Luxembourg and Polish Cogito Capital Partners.

The bank's commitment will enable the fund to achieve a final close at or above 125 million euro, allowing the fund manager to build a diversified portfolio and support the expansion of the fund's portfolio companies, it added.

The fund may invest up to 20% of its capital in companies with primary operations in Western Europe and the US which are expected to strategically expand or establish operations in the target region.

($ = 0.927 euro)