Project Description
The proposed project is a regional private equity fund with a target size of up to EUR 500 million. The Fund will seek to invest directly in equity and equity related securities of companies operating in Central and South Eastern Europe.
Transition Impact
The transition impact of the proposed project would come from the following three areas: institution building and development of sustainable private equity managers in the region, restructuring of investee companies and accelerating the creation and development of industry leaders in the region, and demonstration effects of new ways to finance activities in less advanced transition countries.
The Client
AIG New Europe Fund II, L.P. will be a Cayman Islands exempted limited partnership.
EBRD Finance
Commitment to invest up to EUR 50 million. It is expected that the other investors may include a range of insurance companies, pension funds, banks including European and US institutional investors.
Project Cost
The maximum size of the Fund is EUR 500 million.
Environmental Impact
The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which include the Bank’s Environmental Exclusion List. Investee companies will be required to comply, at a minimum, with national requirements for environment, health and safety local and EU environmental standards. An Annual Environmental Report will be prepared by the Fund and submitted to the Bank for approval.
Technical Cooperation
None.
Company Contact
Rossen Hadijev, Director, Warsaw office
AIG Capital Management, Stratos Office Center
ul. Skorupki 5,
Warsaw 00-546,
Poland
Tel : +48 22 583 7000;
Fax +48 22 583 6940
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
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Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.
