Southeast Europe Equity Fund II

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The proposed project is a regional private equity fund with a target size of USD 200 million. The Fund will invest for long-term capital appreciation through privately-negotiated transactions in equity of companies operating in Southeast Europe and neighbouring countries. Transition impact comes from demonstration effects through sound investments in Southeast Europe. The Fund manager is expected to adopt a hands-on approach by taking positions on boards of portfolio companies and transferring technical expertise to the portfolio companies. Through the significant involvement of its local team, the Fund is expected to contribute towards the transfer of vital investment skills to local managers based in the region. Southeast Europe Equity Fund II LP is a private equity fund to be established as a Cayman Islands exempted limited partnership. Bedminster Capital Management LLC will be the Fund Manager and will provide advice and assistance with respect to investment decisions and other activities of the Fund. Commitment to invest up to USD 50 million in the equity of the Fund, subject to the size of the Fund. The co-financing is expected from a range of institutional investors, including European and US institutional investors as well as from the Overseas Private Investment Corporation (OPIC). Target size of the Fund is USD 200 million. The Fund will follow the EBRD's Environmental Procedures for Private Equity Funds. In implementing these procedures, the Fund will assess potential environmental issues associated with its investments which are required to comply, at a minimum, with local/national health, safety, labour, environmental and public consultation requirements. None. David Mathewson, Managing Director Email: dmathewson@bedminstercapital.com Phone: +1.908.234.1707 Dimiter Gurdjilov, Vice President Email: dgurdjilov@bedminstercapital.com Phone: +1.908.234.1063