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EBRD approves €30m commitment

The €2.40 billion development bank has backed a venture capital fund targeting investments in Central and Eastern Europe.

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Institution: European Bank for Reconstruction & Development
Headquarters: London, United Kingdom
AUM: €2.40bn

The European Bank for Reconstruction & Development has agreed to commit €30 million to Earlybird Digital East Fund II, according to a recent report on the pension’s website. EBRD previously committed $35 million to the fund’s predecessor in 2013.

As illustrated below, EBRD has made one other commitment to a 2019-vintage private equity fund: €20 million to Avallon MBO Fund III.

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