Private equity investor CapMan Russia has closed its latest fund, at €99.1m.
CapMan Russia II invests in fast growing small and mid-sized companies (SMEs) in Russia serving Russia’s large middle class, such as consumer goods and services, e-commerce, home improvement, business services and private healthcare.
The CapMan Russia II fund has already made two investments.
Part of CapMan Group, a private equity firm in the Nordic countries and Russia, with assets under management of €3.1 billion, CapMan Russia focuses on small to mid-cap Russian growth companies.
The team, which includes 11 people in Moscow, has made 41 investments and 29 exits since 1996.