Oesterreichische Entwicklungsbank AG (OeEB) which is the Development Bank of Austria, has committed a significant amount to EMSA Capital’s CEE Special Situations Fund.
The investment of OeEB and the investment of a large reputable Swiss family office mark the Fund’s 2nd closing. Total commitments to the CEE Special Situations Fund reached Eur 90m.
OeEB was founded in March 2008 as the official development bank of the Republic of Austria. It is a wholly-owned subsidiary of Oesterreichische Kontrollbank (OeKB). As a private stock company with a public mandate, OeEB provides financing at near-market conditions, but it can take on more economic risk than commercial banks.