The Southeast Europe Equity Fund II (SEEF II) has raised USD 320mn for investments in the region, the US company Bedminster Capital Management LLC, which is a sponsor and investment manager of the fund, announced. The target size of the fund was set at USD 200mn, up to 25% of which is committed by the EBRD. The co-financing comes from more than 20 investors from Europe and North America. SEEF II is the successor of SEEF I launched 7 years ago and will finance private sector projects in Turkey, Bulgaria, Romania, Albania and former Yugoslavia. The fund has already completed 4 projects in the media, healthcare, cable TV and financial services sectors. SEEF I completed successfully its investment programme, ensuring more than five times return on investment. SEEF II has financed through its subsidiary New Europe Directories Bulgaria the creation of the business guide in the country Golden Pages.