Da Vinci PE Fund II has held the First Institutional Closing of $100m
Moscow, January 14, 2014 Da Vinci Capital has announced the $100m closing of its 2nd fund, Da Vinci PE Fund II (Fund II). Fund IIs closing included investments from global leaders in the private equity sector including the European Bank for Reconstruction and
Development and other leading institutions who together acted as anchor investors. Fund II was also supported by Da Vinci Capital partners and a club of investors organized by the Firm.
A 2nd closing for Fund II is expected to take place in H1 2014.
Fund II currently manages two investments in leading Russian businesses including 1) B2B Center – Russias leading online procurement platform within the corporate sector, and 2) First
Collection Bureau – the #1 debt acquisition and collection business in the Russian marketplace. Both companies continue to hold leading market share in their respective segments. Da Vinci Capital plans to complete several additional transactions in Fund II during 2014 focusing on mid-market private companies in the financial infrastructure/ payments systems, IT/business
services and consumer sectors. We see fundamental and consistent growth drivers in these sectors and are focused on
building businesses that can compete internationally and achieve exits through public and/or private markets. Fund IIs initial investments have already demonstrated the necessary scale
and growth to meet our investment return objectives, said Oleg Jelezko, managing partner at Da Vinci Capital.
Source: Press Release on www.dvcap.com/