New US fund for Romania

US-based SigmaBleyzer intends to make its first investment in Romania via its own investment fund this year, says Dan Lupu, the investment manager of the company’s Bucharest office. It will soon begin presenting the SigmaBleyzer Fund IV (SBF IV) to potential investors. SBF IV is expected to raise a total of 200 million euros in cash for investments in Romania, Ukraine, Bulgaria and other Balkan countries. The fund will have a life span of ten years, with a possible two-year extension. “We are negotiating with several Romanian companies from various sectors and will commence presentations of the fund to our investors in February,” Lupu added. The areas in which the fund may direct its investments are distribution, foods industry, software and IT, construction supplies, the processing industry, specialised financial services and tourism. ZF