Area of activity
Private Equity Managers S.A. Group (PEManagers Group) specializes in managing various classes of assets in alternative private equity funds, including venture capital funds. The core of the asset management team includes members of the Management Board and Partners with long-time experience confirmed by a track record in investment funds.
PEManagers was established as a spin-off of the asset management business from MCI Group in 2010 to 2012. The separated business model conforms to the global standards of the private equity business. From the beginning of their operations in 1999 until the end of the first half of 2014, the funds managed by MCI Group (and now by PEManagers Group) completed over 60 investment projects, over 30 exits (total and partial), achieving an average annual net IRR of around 23% on the asset portfolio under their management. The Pre-IPO process carried out through investments of key managers and partners (MBO) and a financial investor in the company shares confirmed the growth potential of PEManagers Group.
Making use of its advantages, PEManagers created a strategy that gives the company a good position in relation to attractive market trends and permits exposure to growth segments. The overall objective of the company’s strategy is to enhance the growth dynamics of its asset management revenue. It will be pursued by: – organic growth of assets under management (growing value of existing investment portfolios); – further geographical expansion and investments in promising markets (DACH, Turkey, CEE, CIS); – fundraising for investments (such as providing advice to MCI Capital in the field of fundraising for new issues of investment certificates and increasing contributions from public and institutional investors); – active involvement in the consolidation process of the non-public asset management industry; – adding new commitment funds to the range of funds under management, established with foreign limited partners; – cooperation with global private equity businesses.
Fees for asset management (fixed and variable) are the main source of revenue for PEManagers Group.
PEManagers Group manages the assets through its own investment fund company – MCI Capital Towarzystwo Funduszy Inwestycyjnych S.A. (MCI TFI), using a closed-end non-public investment fund model with MCI Capital as the main participant, together with KFK and other persons/operators. MCI TFI delegated asset management to MCI Asset Management Spółka z ograniczoną odpowiedzialnością Spółka jawna, a PEManagers Group company.
Assets under management
PEManagers is among the most dynamically developing asset management companies in Poland. As at the end of 2015, PEManagers Group managed around PLN 2,5 Bn worth of assets.