Fund alert: Genesis Capital raises CZK 2.2bn

The Prague-based firm continues to invest in the Czech Republic and Slovakia.

Genesis Private Equity Fund III has gathered CZK 2.2 billion to invest into small and mid-size companies based in the Czech Republic and Slovakia. The vehicle, which had a target of €80 million, also has the ability to invest up to 20 percent of the capital in Poland Austria and Hungary.

Investors in the fund include Ceská Sporitelna, the European Investment Fund, IKS KB, eQ Private Equity and insurance companies Kooperativa Pojištovna and Ceská Podnikatelská Pojištovna.

Genesis Private Equity Fund II, the previous fund in the series, held a final close at €40.4 million in March 2012.