IPM today announced the opening of its Bratislava office. The office will serve as a hub for IPM’s newly launched CEEIF I (Central and Eastern European Infrastructure Fund I), a US$500m infrastructure fund focused on imminent opportunities in energy, transport and social infrastructure in the region. The office will be led by IPM’s Managing Partner, Marian Bocek.
Whilst not a captive, CEEIF I benefits from an exclusive right of first refusal over the portfolio of SynCo Group. Synco is a leading developer of infrastructure assets in Central & Eastern Europe led by Adrian Vyčítal, providing access to a pipeline of seed assets for the fund. SynCo Group and its affiliates have been responsible for developing 30 infrastructure assets across the region. The highlights of SynCo’s existing and development assets will be transferred to CEEIF I at the fund’s first close.
The fund will offer a portfolio of highly advanced projects and yielding assets developed by SynCo Group and other partners in the CEE region. “The fund aims to offer a solution to global and regional institutional investors looking for a ready-to-deploy portfolio in the high-growth markets of Europe”, said Marian Bocek.
Gary Neville, IPM’s Founder and Managing Partner said, “The CEE infrastructure market, despite its strong macro fundamentals, lacks a dedicated vehicle to access the region’s core infrastructure. CEEIF I’s proprietary pipeline and the fund’s target size address the prevailing difficulties in allocating larger global LP commitments in the region’s infrastructure.”
IPM is currently in discussions with a regional sovereign wealth fund and blue-chip Asian institutional investors aiming to reach CEEIF I’s first close in 2016.
