Invenio Partners has announced the first close of its third flagship private equity fund, targeting €75 million to back high-growth small and medium-sized enterprises across Southeast Europe.
The fund will focus on companies in Bulgaria, Romania, and Serbia with established track records and ambitions to become market leaders, continuing the firm’s strategy of investing in the next generation of regional champions. Fund III will provide equity and quasi-equity investments ranging from €3 million to €10 million, with a sector focus on consumer and retail, healthcare, and technology-enabled services.
The new vehicle builds on more than a decade of investment activity in the region, reflecting continued support from both existing and new institutional investors. Among those participating in the fund are Doverie Pension Assurance as a new investor, alongside returning backers including PIC DSK-Rodina, UBB Pension Insurance, part of KBC Group, and the European Investment Fund, which is supporting the strategy through the Bulgarian Recovery and Resilience Plan.
Invenio Partners said it will also selectively explore opportunities across the broader Western Balkans as it deploys capital from the fund.
KEY QUOTE:
“We are excited to announce the first closing of INVENIO Partners Fund III, targeting EUR 75 million. Fund III continues our mission of backing the next generation of market leaders across Bulgaria, Romania and Serbia – companies with proven track records and the ambition to shape their industries. This closing marks over a decade of building a distinctive private equity platform in Southeast Europe, and reflects the strong, continued support of our partners. We are proud to welcome Doverie – Pension Assurance as a new institutional investor, alongside returning partners PIC ‘DSK – Rodina’ AD and UBB Pension Insurance, KBC Group, as well as the European Investment Fund (EIF), whose support through the Bulgarian Recovery and Resilience Plan extends across all three of our funds. Fund III will provide equity and quasi-equity capital of EUR 3–10 million to high-growth SMEs in consumer & retail, healthcare, and technology-enabled services, with selective exploration of opportunities across the broader Western Balkans. We look forward to the next chapter.”
INVENIO Partners in a company statement
