Monday, 30 March 2015
Last updated 2 days ago
Jun 25 2007 | 10:39am ET
Krokus Private Equity has closed its fourth private equity fund, Nova Polonia Natexis II, with €100 million (US $134.7 million) in commitments. The fund had an original target of €75 million.
The new offering will invest €3 million to €10 million of equity in Polish companies with enterprise values of between €3 million and €30 million operating in sectors ranging from manufacturing to retail and services. To date, the fund has committed almost €13 million to two investments.
”We are delighted to announce the final close of Nova Polonia Natexis II, our fourth private equity fund but the first following our own buyout last year,” Witold Radwański, chief executive of Krokus, said. “In particular, we are happy that such a large number of investors were interested in our fund that we had to close at the hard cap and, even then, could not accommodate all the interest shown.”
Krokus was founded last year by partners Radwański, Marzena Tomecka, Robert BoCyk and Piotr Oskroba, together with Natexis Private Equity, following the partners' buyout from their former parent Polonia Financial Services.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…