Integral: Leading PE Firm Announces First Close of Second Fund
Funding | Dec 10, 2024 | integral venture partners
Integral Capital Group, known as Integral, formerly active under the name Integral Venture Partners, a leading private equity and growth capital investment firm focusing on the pan-CEE region, has announced the first closing of its second private equity fund, Evolving Europe Principal Investments II. This initial close has surpassed the target, enlisting commitments from significant international players such as the European Investment Fund, the European Bank for Reconstruction and Development, and the International Finance Corporation, in addition to several family offices. Integral operates through its primary offices in Budapest and Belgrade, with satellite offices in London, Bratislava, Bucharest, and Sofia. Fund II focuses on Central, South-East Europe, and the Adria region, targeting medium and small companies in consumer, technology/media/telecom, healthcare, niche industrials, and business services sectors. Moreover, Integral emphasizes ESG aspects and sustainable investing, promising future compliance with SFDR Article 8.
Sectors
- Private Equity
- Growth Capital
- ESG and Sustainable Investing
Geography
- Central and South-East Europe – Integral focuses its investments in Central and South-East Europe and the Adria regions, where it primarily targets mid and small-sized companies.
- International – The participation of international institutional investors like EIF, EBRD, and IFC highlights the global interest in Integral's investment activities.
Industry
- Private Equity – Integral Capital Group is involved in private equity, focusing on mid and small market investments in Central and South-East Europe.
- Growth Capital – Integral aims at growth capital investments in several core sectors throughout the pan-CEE region, highlighting its strategy to support company growth.
- ESG and Sustainable Investing – The firm emphasizes ESG aspects and sustainable investing, in line with SFDR Article 8.
Financials
- 150 million – Target final close amount for Evolving Europe Fund II by the end of 2025.
- 300 million – Approximate capital to be raised, syndicated, and managed by Integral since inception upon achieving the final fund close.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Integral Capital Group | Private Equity Firm | Company | A leading pan-CEE mid/small market private equity and growth capital investment firm. |
| European Investment Fund (EIF) | Investor | Company | A cornerstone investor in Integral's second fund, reinforcing its collaboration from the first fund. |
| European Bank for Reconstruction and Development (EBRD) | Investor | Company | An international financial institution investing in Integral's fund as a cornerstone investor. |
| International Finance Corporation (IFC) | Investor | Company | A member of the World Bank Group, involved as a cornerstone investor in Integral's second fund. |
| Family Offices | Investors | Company | Regional and international family offices that have committed to Integral's second fund. |