ForeVest Capital Partners has launched as an independent alternative investment firm, having completed a spinout from PineBridge Investments by mutual agreement.
Established by the four senior managers of PineBridge New Europe Partners (NEP) – Pierre Mellinger, Artur Haze, John Leone, and Doina Popescu – ForeVest will continue to focus on growth equity investments in mid-market companies across Central and Eastern Europe.
ForeVest has managed over USD1.2 billion in investments in CEE and nearly USD300 million in other assets in emerging markets.
The ForeVest team comprises 14 investment professionals with over 180 years of collective private equity experience, with senior team members working together for 15 years on average. The team has completed more than 20 transactions and will continue to seek to partner with entrepreneurs and management teams, specialising in influential minority and control investments in promising mid-market companies.
ForeVest is headquartered in Warsaw with a presence in Bucharest, Budapest, Prague and New York.
Pierre Mellinger, managing partner and one of the founders of ForeVest, says: “I am excited about this new chapter for our highly experienced team and look forward to growing our current portfolio, making further acquisitions and raising future funds. Becoming an independent private equity manager will provide continuity for investors over the remaining term of the NEP fund and allow the ForeVest team to maximise the value of the portfolio.
“We are enthusiastic about this new structure for all ForeVest and NEP stakeholders, and believe the new platform is well positioned for a successful future.”