CEECAT Fund II achieves first closing with EBRD support

The European Bank for Reconstruction and Development is committing €30 million to the private equity fund CEECAT Fund II, dedicated to investing in central and south-eastern Europe and Turkey.

The new fund will make equity and quasi-equity investments, predominantly in the lower mid-market segment in central and south-eastern Europe and Turkey. It achieved commitments of €120 million in its first closing and is seeking to raise €200 million of commitments in total. CEECAT Fund II, the successor of the 2010 vintage CEECAT Fund I, will be the first fund raised independently by CEECAT Capital and will invest in a time of acute need for equity financing and economic recovery. 

CEECAT Capital has been active in central and south-eastern Europe and Turkey since 2005, investing more than €650 million in a number of funds. It operates with a team of 25 people out of five offices in London, Luxembourg, Bucharest, Istanbul and Almaty.