- PEM Group has been focusing on divestments in the MCI.EuroVentures and MCI.TechVentures portfolios, and on preparing new investments for the MCI.EuroVentures fund,
- The (gross) assets under the Group’s management have risen by PLN 57 million since the beginning of the year.
- The first three quarters of this year saw the company generating revenue of PLN 32.5 million on asset management, while its net profit was PLN 3.5 million.
- The rate of return of the largest fund managed by the Group – MCI.EuroVentures – was 12.6%.
Since the beginning of 2019, PEM Group has finalized its exists from investments in Dotpay/eCard and ABC Data. In total, the MCI.EuroVentures fund received almost PLN 400 million for that reason.
– We want to keep on benefiting from the economic prosperity in the markets, particularly those related to the digital economy. That’s why we have maximized our work on exit processes. Our divestment plans concern only the companies which have managed to carry out out their value building processes, while selling them may bring about an important turning point for our fund investors. We hope that finalizing the transaction will have a positive impact on PEM’s annual result – said Tomasz Czechowicz, President of PEM Management Board and Managing Partner.
– We will keep reinvesting the capital acquired from the sale of portfolio companies into the Digital Private Equity area. We are focused on mature technology companies from our region. We do hope that our fund raising activities in Poland and abroad will produce expected results, and that we’ll manage to increase our cash pool for new investments in that field.
From the beginning of the year until the end of September, MCI.EuroVentures – the largest fund managed by PEM Group companies – provided the investors with a rate of return of 12.6%. During the same period, MCI.TechVentures and MCI.CreditVentures generated -8.8% and 3.1% respectively.