Alpha Associates CEE IV

signed

The proposed project is a private equity fund (the "Fund") with a target size of EUR 100 million and a maximum size of EUR 200 million. The Fund will purchase interests in existing private equity funds in the secondary market and make selective direct investments into companies alongside reputable and experienced lead investors. The Fund's regional focus will include the countries of Central and Southeastern Europe, Eastern Europe and the Caucasus, Central Asia, Russia and Turkey. The Fund will provide (i) a vehicle for investors to access secondary interests in private equity funds and will increase the ability of these funds to access capital; (ii) it will provide capital, directly and indirectly, to companies in the Region. The transition impact of the fund is primarily generated through the demonstration effect and market expansion of the private equity asset class. It will promote the development of fund of funds and secondary activity in the Region and will support the entrance of limited partners who seek the risk diversification that a fund of funds can provide. It will support existing private equity funds with additional capital should the existing investors be unable to contribute further capital, and will provide scarce equity capital directly and indirectly to companies. ALPHA ASSOCIATES AG Alpha CEE IV LP is to be established as a limited partnership and will be managed by Alpha Associates, an independent private equity manager based in Switzerland specialising in fund of funds investments including secondary market activities. EUR 25,000,000.00 The EBRD will commit the lesser of EUR 25 million or 25% of the aggregate capital commitments at final close. EUR 200,000,000.00 Target size of the Fund is EUR 100 million, with a hard cap of EUR 200 million. Categorised FI. The Alpha CEE IV LP will be required to comply with EBRD's Performance Requirements 2, 4 and 9 and implement the EBRD's Environmental and Social Procedures for Fund of Funds which were adopted on the earlier Bank investment in the ALPHA Russia & CIS Secondaries LP. The Fund will be required to submit Annual Environmental and Social Reports to the EBRD on the implementation of the environmental and social requirements and the Performance Requirements. None. Petra Salesny, COO info@alpha-associates.ch +41 43 244 31 00 +41 43 244 31 01 http://www.alpha-associates.ch Alpha Associates, Talstrasse 80, P.O. Box, 8021 Zürich 1, Switzerland