The Polish Growth Fund of Funds (PGFF) is a EUR 90 million Fund-of-Fund initiative launched in April 2013 by the EIF in close co-operation with Bank Gospodarstwa Krajowego (BGK) to stimulate equity investments into growth-focussed enterprises in Poland. Locally, the initiative is named Polski Fundusz-funduszy Wzrostu (PFFW). At the initial stage, PGFF combines a EUR 30 million commitment from EIF with EUR 60 million from BGK.
In the future, additional commitment from EIF and BGK will be considered to maximise the impact of the initiative, subject to the development of PGFF’s portfolio and market demand.
To implement the PGFF activities, EIF utilises its experience and expertise in managing similar initiatives in close collaboration with national and regional partners across Europe.
The Polish Growth Fund of Funds intends to build a balanced portfolio of Venture Capital, Private Equity and Mezzanine funds with an investment focus on Poland, over an investment period of 5 years. The investment period began on June 1st 2013, when EIF opened discussions with eligible fund managers.
EIF, as manager of PGFF, openly considers the following investment opportunities:
Both funds and direct co-investments need to satisfy a strict set of investment criteria applied under PGFF’s normal investment process. In terms of direct co-investments, we look for a qualified and credible partner, with extensive experience in the specific deal and whose reputation is at stake when undertaking any single investment.
You are eligible to apply for PGFF financing provided you fulfil, amongst others, the following criteria:
A range of eligible Fund Managers, across a 5-year-investment period, can receive resources from PGFF to be invested into growth enterprises. The interested Fund Managers shall submit investment proposals to EIF, as manager of PGFF. Should the investment proposal meet the criteria listed above, your team will pass several screenings before the EIF undertakes to start a full due diligence process and brings the proposal further through EIF’s approval steps.
Kamila Ślązak, Tel +352 248 581 675; Email: email@example.com