The European Bank for Reconstruction and Development (EBRD) is considering an initial investment of €25m in a new Polish private equity fund headed by a former Carlyle managing director. Warsaw-based Resource Eastern European Equity Partners I has a target size of €200m.
Rabobank and EBRD will act as cornerstone investors for the fund. Rabobank will commit an initial €25m at first close with an option to increase its commitment at subsequent closings.
A first close of €51m is expected, according to the EBRD.
The project’s investment strategy will have a particular focus on consumer goods, including the food and agribusiness sectors in Poland. The fund will invest in companies based or pursuing operations throughout Central and South Eastern Europe.
The fund was founded by Ryszard Wojtkowski, a former managing director with Carlyle who focused on investment opportunities in the CEE region.
Resource Eastern European Equity Partners I will be managed by Resource Partners, which is based in Warsaw.
The EBRD is an international financial institution that supports projects in 30 countries from central Europe to central Asia. Investing primarily in private sector clients whose needs cannot be fully met by the market, the bank promotes entrepreneurship and fosters transition towards open and democratic market economies.
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EBRD considers €25m investment in Polish fund headed by former Carlyle MD