Global Finance raises 200m euros for new fund

Global Finance, one of the largest investment fund managers in the Balkans, has announced it raised 197 million euros after the first phase of closing of a new fund it is raising, whose capitalisation will eventually exceed 300 million euros. South Eastern Europe Fund (SEEF), is the eight private equity fund managed by Global Finance that will target investment in regional expansion opportunities, including support for Romanian entrepreneurs wanting to expand outside the country. “We have already had contacts with the retail, financial service and pharmaceutical industries and we are confident we will strike our first deals in the near future,” says Stefan Bucataru, country manager of Global Finance for Romania. The new fund managed by Global Finance will target the markets in Romania, Bulgaria and Greece and will tackle a wide range of industries and companies of various sizes. ZF