Sunday, 24 May 2015
Last updated 1 day ago
Jun 8 2007 | 11:47am ET
SGAM Alternative Investments has been busy on the fundraising front. One month after closing a private equity fund of funds, SGAM Private Value Fund, the firm has held a final close of its SGAM Eastern Europe Fund at €156 million (US$210.3 million).
Société Générale Group and the European Bank for Reconstruction and Development, as well as a range of institutional and private investors from Europe and the Middle East, invested in the fund, according to the firm.
The fund targets significant stakes in mid-sized companies in Central and Eastern Europe offering investors “a differentiated strategy and access to a market segment, which most of the main buy-out players do not cover,” according to the firm, which added that the fund “is one of the only ones which can operate pan-regionally, with deal capabilities spanning from the Baltics to the Balkans.”
SGAM AI’s Eastern Europe team operates from offices in Warsaw and Bucharest, as well as from its headquarters in Paris. The team is part of the emerging markets group within SGAM AI Private Equity.
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…