Central and Eastern Europe-focused private equity fund manager Resource Partners has reached a first close for Resource Eastern European Equity Partners II (REEEP II) with EUR100 million (approximately US$106 million) in capital commitments. The close took place in December 2016. Investors in the fund include development finance institutions the European Bank for Reconstruction and Development (EBRD) and the European Investment Fund (EIF). Separately, Resource Partners acquired a 70 percent stake in Poland-based cosmetics company Torf. Resource Partners invested through REEEP II. Financial details of the transaction were not disclosed.