7L Capital Partners
7L Capital Partners - Partnership


Working together since 1995, Fronistas, Levis, Capsaskis and Donoaica built the Commercial Capital Group into one of the largest and most successful generalist private equity firms in Emerging Europe, operating from Russia to Cyprus and from Central Europe to Turkey.  Since 2006, they have been advising 7L Capital Partners Emerging Europe L.P., a fund that they raised and invested in Southeastern Europe.  

Regional Experience

In the years that they have been working together, the Principals have originated and managed direct investments in over fifty companies, making investment commitments of over €185 million in aggregate, resulting in a realized gross multiple of 1.7 times the invested capital (cash-on-cash) and a realized gross IRR of 20%.  

They have also pioneered an approach to investing in the region, aspects of which are discussed in Harvard Business School cases “Commercial Capital ” and “Identifying and Realizing Investments in Eastern Europe”.