Sunday, 3 May 2015
Last updated 2 days ago
Jun 1 2007 | 11:20am ET
AIG Global Investment Group recently held a final close of AIG New Europe Fund II with capital commitments totaling €522.5 million (US$700 million).
NEF II invests in companies organized or operating in the Central and Eastern Europe, including Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria and the Baltic Countries. The fund focuses on capitalizing on the favorable economic, legal and political conditions in the region, with its strong long-term GDP growth outlook, increased domestic consumer demand and a shift in the manufacturing base from Western Europe.
“The Central and Eastern European region is primed for private equity investing with enhanced deal flow and consolidation opportunities stemming from European Union accession,” said Pierre Mellinger, managing director, AIG Capital Partners and CEO of NEF II. “In addition, there is tremendous value investing in a region with relatively few experienced private equity competitors.”
Mellinger leads a team out of Warsaw, Poland, with investment professionals located in three offices in the region (Warsaw, Bucharest, Romania, and Budapest, Hungary). “As with many of our private equity funds, our investment teams are culturally connected and speak the languages of the local companies in which we invest, which is a clear advantage in our partnerships,” David Yeung, President and CEO of AIG Capital Partners, said.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…