Investment & Fund Management

The InvestBG Equity programme, launched by the Ministry of Economy of Bulgaria in collaboration with the European Investment Fund (EIF), addresses the critical need for enhanced equity financing for Bulgarian SMEs. The initiative was designed to tackle the challenges faced by local businesses in accessing capital for growth and international expansion. Specifically, the programme aims to foster investment in high-value sectors and support the development of innovative SMEs, which are essential for increasing the overall competitiveness of the Bulgarian economy.

The tailored solution provided through the InvestBG Equity Instrument involves a commitment of up to EUR 110 million, combining reflows from previous JEREMIE operations with EIF resources. This funding is allocated under two main sub-windows: up to EUR 100 million for commitments in venture capital and private equity funds investing in Bulgaria, and up to EUR 10 million for co-investments alongside these funds in Bulgarian companies, with an additional EUR 10 million guaranteed for private co-investment. This strategic approach not only enhances the availability of equity financing but also catalyzes further investment from private and institutional sources.

The results of this initiative are significant. The EIF's commitment is expected to ensure a minimum of EUR 35 million in additional funding, enhancing the initial EUR 60 million national resources dedicated by the Bulgarian government. This collaborative effort marks a pivotal step in improving the investment landscape in Bulgaria, providing local businesses with more opportunities to grow and compete on an international scale. The programme is anticipated to transform the venture capital and private equity market in Bulgaria, reflecting a strong confidence in the potential of Bulgarian companies and the overall economy.