European private equity firm 21 Partners has held a first close on mid-market fund 21 Concordia with EUR60 million (approximately US$81 million) in capital commitments. Investors include development finance institutions European Investment Fund (EIF) and European Bank for Reconstruction and Development, as well as Polish Growth Fund of Funds, an initiative supported by Bank Gospodartstwa Krajowego of Poland and EIF. The new fund will continue 21 Partners’ investment strategy of targeting mid-market entrepreneurs in need of local financing for growth and international development.