Published: May 12, 2010
Resource Partners welcomes investments from AXA, EBRD and Rabobank.
A Polish private equity firm has raised €100mn for its debut fund after winning the backing of three major European institutions.
Resource Partners has received investments from AXA Private Equity, the European Bank for Reconstruction and Development (EBRD) and Rabobank.
AXA has committed €50mn, while EBRD and Rabobank have each approved €25mn for investments in Central and Eastern Europe.
The fund will back mid-sized companies in Poland and the Baltic States, with a primary focus on the food and agricultural sectors.
“This partnership is a blueprint for future projects in Central and Eastern Europe,” said Dominique Gaillard, AXA’s head of direct funds.
“In this year of economic recovery in the region, we are seeing an increasing number of interesting and well-priced investment opportunities and we have therefore made the decision to form this strategic partnership with an established local player in Poland,” he added.