Preqin’s extensive research shows there are currently 153 private equity firms located in Eastern Europe. The latest data from the Fund Manager Profiles database shows that collectively these firms have raised EUR 13.9 billion in aggregate capital commitments over the last 10 years and have an estimated EUR 4.3 billion available in dry powder.
Of these firms, 56 are headquartered in Russia with a further 20 based in Poland. The most prominent investment strategy utilised within this region is venture capital, with 39% of Eastern European-based fund managers adopting this strategy as part of their investment focus. Buyout is the second most popular strategy with just over 24% of fund managers utilising this strategy, either exclusively of as part of a broader approach.
The top three fund managers based in Eastern Europe, in order of total capital raised over the last 10 years, are Baring Vostok Capital Partners, Enterprise Investors and Russia Partners.
Baring Vostok Capital Partners is a Russia-headquartered firm founded in 1994, which concentrates investment predominantly within the financial services, oil and gas, consumer products, telecommunications, and media sectors within Russia, Kazakhstan, Ukraine and those countries of the former Soviet Union. The firm has raised EUR 1.7 billion in the past decade and currently has an estimated EUR 369 million in dry powder.
Enterprise is headquartered in Poland and manages buyout and venture capital funds aimed at investing in a range of industries and sectors within Poland, Central and Eastern Europe. Enterprise Investors has raised just under EUR 1.1 billion in the past decade and currently has an estimated EUR 140 million available in dry powder.
Russia Partners, a subsidiary of Siguler Guff & Company, is located in Moscow and operates as a private equity firm investing within Russia and the former Soviet Union and makes venture capital late stage and growth investments in a variety of industry sectors. The firm has raised just under EUR 965 million and has approximately EUR 223 million available in dry powder.