Croatia’s VC firm Provectus Capital Partners has announced the launch of PCP SEE Fund II, raising €162.5 million in its first close, with a final target of €250 million expected by Q2/Q3 2026.
- Provectus Capital Partners (PCP), founded in 2020 and based in Zagreb, is a private equity firm investing in profitable companies across Southeast Europe, with a focus on healthcare, technology, consumer, and business services.
- The firm follows a Buy & Build strategy, supporting management teams with strategic guidance, operational improvements, and growth through acquisitions.
- Its portfolio includes regional leaders such as Vetti Group, a major veterinary network in Croatia; Arsano Medical Group, a healthcare provider across the Adriatic; and Adria Dental Group, the largest dental network in Central and Eastern Europe.
- The firm has offices in Zagreb, Bucharest, and Sofia and has built a portfolio of 40+ companies employing over 1,700 people.
- PCP SEE Fund II is focused on expanding market-leading companies in Southeast Europe through a Buy & Build approach. It targets healthcare and other high-growth, fragmented sectors, with equity investments of €15–25 million per platform, often combined with debt or co-investments.
- The fund plans to extend its reach into Croatia, Slovenia, Romania, Bulgaria, and nearby markets, supporting portfolio companies with operational improvements and acquisitions to drive growth and consolidation.
- PCP SEE Fund II saw support from a range of institutional investors, including banks, development finance institutions, pension funds, insurance companies, and family offices, with both returning investors from Fund I and new participants contributing to the first close.
“We are proud to announce the first close of Fund II at €162.5 million. Our investors share our conviction that there are significant opportunities in this region for disciplined Buy & Build strategies. With Fund II, we will continue to invest in healthcare while also expanding into new high-growth, fragmented sectors and geographies across Southeast Europe," explains Igor Čičak, CEO and Managing Partner of Provectus Capital Partners.
