BlackPeak Capital raises 125 million euros for Southeast Europe growth fund

BlackPeak Capital has announced the initial closing of its second Southeast Europe Growth Equity Fund (BPSEEF II), securing 125 million euros in capital. The fund aims to reach a target of 150 million euros, with a potential maximum of 200 million euros, by 2027.

The fund will target investments between 7 million and 20 million euros per transaction, seeking significant minority or majority stakes in 10 to 12 companies. Key geographic focuses include Croatia, Bulgaria, Romania, Slovenia, and Serbia, with potential expansion into broader Central and Eastern Europe. Priority sectors include e-commerce, healthcare, digitalization, manufacturing, fintech, and sustainable development.

Notable investors include the European Investment Fund, the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), Erste Asset Management, and the Croatian Bank for Reconstruction and Development (HBOR). This new fund builds on the success of the firm's first fund, which raised 126 million euros and achieved a 34% average annual revenue growth across its portfolio companies.