The fund, whose investors include a pension fund managed by BCR Pensii, targets growth equity investments of EUR5-10 million in dynamic SMEs in Romania, Bulgaria, Slovenia, Croatia, and Serbia.
“This is an important stage in the development of BlackPeak Capital and the entire private equity ecosystem in the region. Romania is one of the fund’s priority markets and we are happy to have among our investors, for the first time, a mandatory private pension fund managed by BCR Pensii. We are confident we will provide diverse opportunities and long-term gains to institutional investors,” said Dorian Macovei, managing director for Romania at BlackPeak Capital.
The fund focuses on partnering with the region’s outstanding entrepreneurs who have the ambition to build world-class companies on the basis of continued innovation, organic growth, and add-on acquisitions.
The fund has a generalist sector approach with strong preference for IT/software, niche manufacturing, business services, healthcare, and consumer sectors.
BlackPeak Southeast Europe Growth Equity Fund is backed by the European Investment Fund under the COSME and JEREMIE programs, the EBRD, the IFC, and other European private institutional investors.
The fund builds on the successful track record of BlackPeak Fund I, which invested in 12 companies, including in global innovation leaders such as Walltopia, International Power Supply, Software Group, Bulpros, and others.
BlackPeak Capital was established in 2014 by Rossen Ivanov, Ivailo Gospodinov, Kiril Ivanov, and Angel Stefanov. The team is expanded with Niklas Pichler, previously at Mezzanine Management, joining as Managing Partner, and Dorian Macovei, formerly at EMSA Capital, joining as Managing Director.
The company has regional offices in Bucharest, Sofia, Ljubljana, and Vienna.