V4C Poland Plus Fund SICAV-FIAR S.C.A.
V4C is currently investing from the V4C Poland Plus Fund. The Fund targets Poland plus the other CE countries of Central Europe, particularly Romania and the Baltics and is seeking investments that match the firm’s overall investment strategy. The Fund held its first closing in November 2017 and currently has over €80m of committed capital. It will continue to accept commitment from qualified investors until November 2018 or its hard cap of €150m is reached.
The Fund benefits from commitments by the European Investment Fund. Through these commitments, PGFF (Polish Growth Fund-of-Funds) (PolskiFundusz-funduszy Wzrostu (“PFFW”) in Polish), an initiative created by cooperation between BGK – Bank Gospodarstwa Krajowego- and EIF is an indirect investor in the Fund.
The EIF’s commitment also benefits from the financial backing of the European Union under the European Fund for Strategic Investments (“EFSI”), set up under the Investment Plan for Europe. Under this plan, the SME Equity Product Window targets financing to private equity funds supporting this part of the economy. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. The commitment to V4C Poland Plus was the first to be deployed by EIF under the EFSI.
V4C Eastern Europe Fund L.P.
The V4C Eastern Europe Fund is composed of a limited partnership for which the V4C group acts as the general partner and an FCPR for which the V4C group acts as special adviser. The total committed capital of the fund was €156m. The fund is now out of its investment period and is in the process of exiting its final investments.
V4C and its partners were also the general partner and investment adviser to BCEF, formerly the Baring Central European Fund, which was raised in 2001 for investment across the region with €86m of capital. BCEF targeted mid-market expansion capital investments in owner-led companies. The fund has been fully liquidated.
V4C’s track record of investments also includes transactions completed by its Partners in their prior roles at the European Bank for Reconstruction and Development and The Riverside Company.
Art Nouveau house in Riga, Latvia.