By Andrei Skvarsky.
Unicorn Capital Partners, an emerging markets-focused private equity fund set up last year, has carried out the first phase of its capitalisation plan by raising $100m.
Unicorn, which is based in Vienna and has a target size of $500m, seeks to invest in small and medium enterprises and middle-market companies in sectors such as the construction of infrastructure facilities, engineering, the oil and gas industry, electricity generation and timber processing.
It specialises in mergers and acquisitions and buyout investments and focuses on Russia, the CIS, Europe, the Middle East and Africa.
“We are pleased to have achieved a first close of $100m so early in the Fund raising process. We feel that this commitment from our investment partners demonstrates support and confidence in ability to generate income from our acquisition strategy and achieve the targeted internal return rate,” a statement from Unicorn quoted one of the firm’s founders and managing partners, Sergei Moiseyev, as saying.
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