Final Review Pending for EBRD Investment in Bancroft III Fund

Final review is pending for a proposed investment by the EBRD into Bancroft Private Equity’s third fund, Bancroft III LP. The investment of up to EUR 30 million should be finalized near the end of June. If approved, the Fund is expected to comply with the EBRD’s environmental, performance and social policies, as well as local and national health & safety, environmental, and social standards.

Bancroft III LP
As part of The Bancroft Group, L.P., the Bancroft III LP fund was launched in the spring of 2008, reaching its first closing in June of the same year. The fund’s target size is EUR 250 million, with investments coming from Bancroft II partners as well as new investors. The fund aims to invest in mature companies in Central and Eastern Europe, the Balkans, Asia, and the Caucasus.

With an exit goal of three to five years for each individual company, Bancroft III plans investments between EUR 10-30 million each.

Bancroft has offices in London, Prague, Budapest, Istanbul and Athens.