Czech Republic- and Slovakia-focused private equity firm Genesis Capital has reached a final close for Genesis Private Equity Fund III with CZK2.2 billion (approximately US$91 million) in capital commitments. Investors in the fund include Czech Republic-based bank Česká Spořitelna, the European Investment Fund, asset manager IKS KB, eQ Private Equity and insurance companies Kooperativa Pojišťovna and Česká Podnikatelská Pojišťovna. The fund seeks to acquire majority stakes in Czech and Slovakian small and medium-sized companies, with the ability to invest up to 20 percent of its capital in companies based in Poland, Austria and Hungary.