Croatia-based Nexus Private Equity Partners Raises 36 Million in First Fund

Nexus Private Equity Partners announced that it has raised EUR 35.8 million (HRK 254.5 million) for its first private equity fund, Nexus ALPHA.

Nexus Private Equity Partners (www.nexus-pe.hr)
Nexus Private Equity Partners, based in Zagreb, Croatia, was founded in 2008 and will focus its investments on the Croatian and greater Southeastern Europe markets. Nexus Private Equity Partners has targeted three specific business segments for private equity and venture capital financing: project-based real estate development; equity investments in medium to large organizations undertaking expansion; and seed financing for entrepreneurs and start-up ventures with high growth potential.

Nexus Private Equity Partners originally anticipated raising EUR 30 million for its ALPHA fund, with funding remaining open from September 8th to October 7th, 2008. Nexus ALPHA is currently the largest private equity fund in Croatia, and a second round of fund raising will be opened in 2009 with the goal of increasing the size of the fund to EUR 50 million. Of the funds raised for Nexus ALPHA, 12% were contributed by institutional investors, 18% were contributed by high net-worth individuals, and 70% were contributed by corporate investors.

Nexus Private Equity Partners is currently analyzing investment opportunities for its ALPHA fund and has not yet publicly announced any capital commitments.