Eastern Europe-Based Private Equity Firms

by Nicholas Jelfs

  • 12 May 2011
  • PE

Preqin’s Fund Manager Profiles product currently holds information on 139 private equity firms that are based in Eastern Europe. Over the past 10 years, these firms have collectively raised just under USD 15.6 billion in capital commitments and have an estimated USD 5.3 billion remaining in dry powder. Baring Vostok Capital Partners has raised the most capital out of the Eastern Europe-based firms across the period, with a total of just over USD 2.1 billion raised through co-investment and buyout funds for investments within the region.

Of these 139 firms, 37 are based in Russia, a further 20 are based in Poland and 11 located in Turkey, which collectively accounts for nearly half of all the Eastern Europe-based firms. Over 85% of the firms target their investments almost exclusively in Europe, with the majority of these focusing mainly in Central and Eastern Europe. The remainder have either a Global or Rest of World focus, with no Eastern Europe firm having a predominant US-focused investment strategy. In terms of main investment type, 36% of the firms adopt venture capital as their principal strategy, with a further 25% focusing on growth opportunities. 18% primarily target buyout investments and 16% have a balanced approach to private equity investing. The remainder focus on other investment strategies such as mezzanine and distressed opportunities.

Besides Baring Vostok Capital Partners, there are two other Eastern Europe-based private equity firms that have raised over USD 1 billion across the last 10 years; Poland-based Enterprise Investors having raised USD 1.3 billion for buyout and venture investing, and Russia Partners having raised USD 1.1 billion for growth opportunities predominantly in Russia and Eastern Europe.

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