Provectus Capital Partners (“PCP” or “Provectus”) from Zagreb, Croatia, one of the leading private equity firms in Southeast Europe, today announced the first close of its second buyout fund, PCP SEE Fund II, with total commitments of €162.5 million. PCP SEE Fund II is expected to have its final close in Q2/Q3 in 2026 with the final fund size amounting to up to EUR 250 million.
PCP SEE Fund II attracted strong interest from institutional investors, reflecting growing confidence in Southeast Europe’s private equity market and in Provectus’ proven investment model. Commitments were secured from a diversified base of institutional investors, including banks and development finance institutions, pension funds, insurance companies, and family offices. Almost all the investors from PCP Fund I have already committed capital to Fund II, while new investors now account for approximately 50% of the total investor base, demonstrating both continuity and strong expansion of the investor base.
Building on the success of its predecessor, PCP Fund I, which focused primarily on healthcare investments across the Adriatic region, PCP SEE Fund II will continue to pursue opportunities in healthcare while broadening its focus to additional fast-growing and fragmented sectors that offer strong potential for regional consolidation and the creation of regional champions.
The fund will focus on market leaders with demonstrated growth potential across the Adria region - including Croatia, Slovenia and neighboring markets, while expanding into new geographies such as Romania and Bulgaria. To further substantiate its commitment to the broader Southeast European region, Provectus has recently opened offices in Bucharest and Sofia, strengthening its local presence and origination capabilities. Provectus will continue to pursue a Buy & Build investment strategy via PCP SEE Fund II, targeting equity investments of €15–25 million per platform, typically deployed in stages and in combination with debt financing and potential co-investments with like-minded investors.
By combining local presence with an active consolidation model, PCP aims to build scalable regional leaders and generate sustainable value through operational excellence and strategic M&A.
Igor Čičak, CEO and Managing Partner of Provectus Capital Partners, commented:
“We are proud to announce the first close of Fund II at €162.5 million. The continued support from our existing investors, alongside strong participation from new institutional LPs, demonstrates confidence in our strategy, our performance to date, and our long-term vision for value creation in Southeast Europe. Our investors share our conviction that there are significant opportunities in this region for disciplined Buy & Build strategies. With Fund II, we will continue to invest in healthcare while also expanding into new high-growth, fragmented sectors and geographies across Southeast Europe. “
PCP launched Fund I in 2020 with commitments of €95 million, successfully building a portfolio of 5 platform companies with more than 40 add-on acquisitions across the Adria region. Its performance and strong track-record have established PCP as a trusted and active private equity partner in Southeast Europe.