DBG Eastern Europe, the private equity firm with offices in Budapest, Prague and Warsaw, is on track to reach an €80m ($87m) target for its second fund.

The first round of fundraising attracted commitments from investors including Deutsche Bank, the European Bank for Reconstruction and Development, Mitsubishi and the German development bank DEG. DBG plans to open up fundraising to new investors, mostly in western Europe, to complete funding by the end of this year.