Investment Programme News

The Dunedin Fund Programme has made its fourth investment by making a commitment to the latest fund raised by Central and Eastern European investment specialists Innova Capital. Dunedin invested in the first closing of this fund which has a target of in excess of €350m.

Innova/5 will continue the investment strategy developed and implemented in its pervious fund of making investments of between €10m and €50m into growth orientated companies based in Central and Eastern Europe.

Jim Strang, Director of Fund Investments at Dunedin commented: "Innova are one of the leading private equity managers operating in the Central and Eastern European markets who have a record of delivering strong returns to their investors. We are very happy to be investing alongside Innova founders Steven Buckley, Robert Conn and the team in this new fund and we look forward to a highly productive relationship with Innova in the years to come."