Jet Investment raises CZK 4bn

The investment company closes largest private equity fund in the Czech Republic.

Jet Investment has held a final close of Jet 2 at CZK 4 billion ($174 million; €154 million), in line with its CZK 3-5 billion target, making it the largest private equity fund in the Czech Republic. The fund acquires stakes in small and medium-sized enterprises in the engineering, automotive, alternative energy, speciality chemical and rail sectors across the Czech Republic, Slovakia and neighbouring markets. The firm will focus on growth or late-stage venture investments and will have an investment horizon of eight to ten years.