The Fund, a Guernsey Limited Partnership whose general partner is EMP Europe Management (CI) L.P, was launched in May 2005 and MVision Private Equity Advisers, with offices in London and New York, acted as global placement agent.
Mid Europa secured commitments from a number of existing and new investors, including Alpinvest, ABN-Amro, GIC, AIG Global Investment Group, AXA, MetLife, MN Services, and Citigroup. Commitments were also secured from the European Bank for Reconstruction and Development, the European Investment Bank and the International Finance Corporation.
In aggregate, approximately half of the commitments came from pension plans and government-related entities, with the remainder evenly spread among funds-of-funds, banks, insurance companies, and endowments and foundations. European investors provided about 60% of total commitments and US investors 30% with the balance coming from the Asia Pacific region.
“We were very pleased with the continued support from existing investors, and are delighted to welcome many new investors, including several that have chosen to commit to Mid Europa as their first relationship in Central Europe,” says Thierry Baudon, Mid Europa Managing Partner.