this was our last convo: "Polish Enterprise Fund VIII
Polish Enterprise Fund VIII (PEF VIII) is a private equity fund managed by Enterprise Investors, one of the largest and most experienced private equity firms in Central and Eastern Europe. Established in 2016, PEF VIII focuses on investments in well-performing mid-sized companies in Poland and eleven other countries in the region, including the Czech Republic, Slovakia, Hungary, and Romania.

The fund invests primarily in buyouts, expansion financing, and recapitalizations using equity, mezzanine, and debt financing. Its target sectors include consumer goods and retail, healthcare, manufacturing, infrastructure and construction, and telecommunications, among others. Enterprise Investors has a strong track record of creating value through buy-and-build strategies, operational improvements, and various capital structure optimizations.

As a responsible investor, Polish Enterprise Fund VIII adheres to Environmental, Social, and Governance (ESG) principles and attaches great importance to promoting environmental protection, social responsibility, and good corporate governance in its portfolio companies.
please explain to me their investing strategy and what they focus on
Polish Enterprise Fund VIII (PEF VIII) is managed by Enterprise Investors and follows an investment strategy that focuses on well-performing mid-sized companies in Poland and surrounding Central and Eastern European countries. Their primary objective is to identify growth opportunities and create value in the companies they invest in. Here is a breakdown of their investing strategy and focus:

1. Investment targets: PEF VIII aims at investing in mid-sized companies that have strong growth potential and competitive advantages in their respective industries in Central and Eastern Europe.

2. Preferred sectors: The fund predominantly targets companies operating in sectors such as consumer goods and retail, healthcare, manufacturing, infrastructure and construction, and telecommunications.

3. Investment types: PEF VIII uses a range of investment instruments including buyouts, expansion financing, and recapitalizations, utilizing equity, mezzanine, and debt financing.

4. Buy-and-build strategy: One of the crucial aspects of their investing strategy is to identify companies which can grow further by expanding their product or service offering, scaling up their operations, or acquiring other complementary businesses.

5. Operational improvements: To ensure the success of their investments, PEF VIII actively engages with the management of the portfolio companies to drive operational improvements, streamlining business processes, enhancing efficiencies, and reducing costs.

6. Capital structure optimization: The fund also focuses on optimizing the capital structure of the invested companies to maximize the return on investment. This could involve reducing the cost of capital, refinancing debt, or restructuring the company’s liabilities.

7. Environmental, Social, and Governance (ESG) principles: As a responsible investor, PEF VIII adheres to ESG principles and encourages its portfolio companies to engage in environmentally friendly practices, social responsibility, and good corporate governance.

8. Exit strategies: PEF VIII eventually seeks to exit its investments, typically through initial public offerings (IPOs), trade sales to strategic buyers, or secondary buyouts by other private equity funds, aiming to generate substantial returns for its investors."
please explain every point above with an example of investment the fund made. please explain it thoroughly