PineBridge New Europe Partners II



Project number:


Business sector:

Equity funds

Notice type:


Environmental category:


Approval date:

18 Oct 2006



PSD disclosed:

15 Sep 2006

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


Company Contact

Rossen Hadijev, Director, Warsaw office
AIG Capital Management, Stratos Office Center
ul. Skorupki 5,
Warsaw 00-546,

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

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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