Enterprise Investors adds partner

Poland’s largest private equity firm has appointed former Polish government advisor Tod Kersten for his second spell at the firm.

Polish private equity firm Enterprise Investors has appointed Tod Kersten as a new partner. Kersten joins from Lazard, where he was a director responsible for transactions in Poland, the Czech Republic, Romania and Turkey.

The appointment will see Kersten return for his second spell at Enterprise Investors, having previously worked for the Polish-American Enterprise Fund (managed by the firm) between 1991 and 1995. Kertsen’s career has also seen him work as the US Treasury adviser to Poland’s minister of finance, working primarily on the privatization of Poland's Bank Handlowy.

Kersten’s role at Enterprise Investors will see him working on exits from the firm’s portfolio companies. He will also work on building and maintaining relationships with existing and potential investors in the funds managed by Enterprise Investors. He will join the firm in July.

Enterprise Investors has been active in Poland and the CEE region since 1990 and currently manages four funds. Polish Enterprise Fund IV, Polish Enterprise Fund, Polish Private Equity Fund I&II and Polish-American Enterprise Fund have invested almost $700m in 85 companies across Poland, Romania and Slovakia.