IFC, EBRD, CRG Capital launch fund to buy bad assets in CEE
12 January 2010
The International Financial Corporation, European Bank for Reconstruction and Development and CRG Capital created the CEE Special Situations Fund, which will be dedicated to investing in distressed assets in Central & Eastern Europe, the organizations said in a joint press release yesterday. The fund plans to raise EUR 200 mln, with the three establishing entities committing EUR 36 mln of that amount.
