About This Fund
PCP SEE Fund II is a private equity fund focused on the Southeast Europe (SEE) region, launched by Provectus Capital Partners with a first close of €162.5 million and a final target of up to €250 million. The fund builds on the momentum of its predecessor, PCP Fund I, which closed in 2020 with €95 million in commitments.
With Fund II, Provectus is expanding its sectoral focus beyond healthcare into other fragmented, high-growth sectors that are ripe for regional consolidation. The fund is designed to support companies with the potential to become regional champions, leveraging operational improvements and strategic acquisitions.
The investment strategy centers on Buy & Build, targeting equity tickets of €15–25 million per platform company, typically deployed in stages and enhanced through additional debt and co-investments. The firm is also strengthening its local sourcing and execution capacity by opening offices in Bucharest and Sofia, enhancing its reach across Romania and Bulgaria.
PCP SEE Fund II aims to scale companies through active ownership, add-on acquisitions, and operational synergies. Its value creation model is based on partnering closely with management teams to implement long-term, sustainable growth strategies in a region with increasing private equity activity and consolidation opportunities.