CEE-focused Innova closes the sixth fund on $300m

(Opalesque) Central and Eastern Europe (CEE)-focused PE firm Innova Capital has pulled in EUR271m ($300m) for the final close of its sixth buyout fund Innova/6. Over 60% of the committed capital came from prior fund participants, with remaining commitments provided by new investors. The Poland-anchored fund has received backing from institutional and commercial players from Europe and North America. “Apart from our existing and new LPs, institutions, entrepreneurs, and family offices, we have received the strong endorsement from our first Polish institutional investor (PFR FF FIZ),” says Krzysztof Kulig, Senior Partner, responsible for the fundraising process.

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