The European Bank for Reconstruction and Development has committed €15m to Morphosis Capital Fund II, a private equity vehicle focused on small and medium-sized enterprises in Romania and Central and Eastern Europe.

Managed by Morphosis Capital Partners, the fund seeks to provide equity financing to support regional growth-stage companies across sectors including healthcare, B2B services, consumer products, and niche manufacturing.

This latest investment reinforces EBRD’s longstanding role in Romania’s private sector development. To date, the bank has invested more than €11.6bn in 560 projects across the country, with a focus on infrastructure, productivity, and financial market enhancement.

Launched in February, Morphosis Capital Fund II has already secured over €100m in committed capital. The fund targets nine to ten investments, with individual equity tickets ranging from €10m to €15m.

Victoria Zinchuk, EBRD’s Head of Romania, described the commitment as a strategic move to strengthen entrepreneurship and sustainable economic development across the region. Andrei Gemeneanu, Managing Partner at Morphosis Capital, welcomed the support, noting that it enhances the fund’s ability to help businesses scale and expand regionally.

The partnership between EBRD and Morphosis Capital reflects growing institutional interest in Romania’s evolving private equity landscape, particularly in supporting high-growth SMEs navigating capital constraints.