Central and Eastern Europe-focused private equity firm 3TS Capital Partners has announced the first closing of its latest fund, TCEE Fund III, with EUR103 million (approximately US$136 million) in capital commitments.  TCEE Fund III will continue the firm’s focus on growth capital investments in the broader telecommunications, media and technology sectors. Limited partners committing to the fund include Cisco Systems, the European Bank for Reconstruction and Development, the European Investment Fund and OTP Bank.