Societe Generale has 100m euros for investment fund

Societe Generale Asset Management Alternative Investments (SGAM AI), the alternative capital management division of the French bank group Groupe Societe Generale (SocGen), collected 100 million euros for an investment fund for the Central and Eastern Europe and Baltic regions, intending to achieve a capitalisation of 150 million euros by the end of the year. The Societe Generale group is the majority shareholder of BRD, the second most important Romanian bank in terms of value of assets. Romania and Poland, the biggest countries in the region, could be the main investment targets of the fund; they are also the countries where SGAM AI opened offices in order to search for investment opportunities. “Our fund currently has capital available for investment worth 100 million euros. We will continue to raise money, targeting a capital worth 150 million euros by the end of this year,” stated William Watson, chief investment officer, partner at SGAM Eastern Europe Fund. The sum set to be raised by the end of the year will come from contributions from the SocGen, the European Bank for Reconstruction and Development (EBRD), European institutions, insurance companies, as well as from private investors from the euro zone. ZF