At the end of January 2022, the first closing of the Croatian Mezzanine Debt Fund, one of the three funds selected by the European Investment Fund as part of its financial program with HBOR - CROGIP, was successfully completed.
The goal of the program is to direct the investments of institutional financial investors in venture capital funds and in this way provide funds that alternative investment funds will invest in small and medium-sized companies.
Through the fund, small and medium-sized companies in Croatia will be able to use an additional long-term form of financing, and the Fund will be focused on the development of private small and medium-sized companies through a subordinated debt instrument - mezzanine.
With thanks to all investors for their support and help in establishing the Fund, Mezzanine Partners explains below that the Croatian Mezzanine Debt Fund will invest in various sectors, excluding real estate and EIF restricted sectors, and added that they expect to manage the portfolio of up to 20 investments in the individual amount of 1 to 5 million euros.
Potential investment may include support for development investments, change in capital and ownership structure, support in mergers and acquisitions, financial restructuring and acquisition and market expansion.
In line with the investment strategy, the fund will invest in companies with good cash flows and strong management. With these investments, small and medium-sized companies can achieve growth and mitigate excessive financial risk.
It is expected that the fund will have its final closing in the first half of 2022 and reach a total of 55 million euros.
Contact:
Mezzanine Partners d.d.
Krešimir Gjenero
Partner
+385 91 4699 626