Large Investment Funds to Enter Georgia

The Georgian Partnership Fund is to invest in an International Consortium that will focus on development of small and medium businesses in Georgia - Prime Minister Kvirikashvili announced at a governmental meeting last week.

The Georgian Partnership Fund is partnering with the Canadian Gazelle Fund which has a capital of USD 27.5 million, with an expected increase of investment to USD 70 million. 60 percent of its capital will be located in Georgia.

The Gazelle Fund counts the DGGF (State Investment Fund of the Netherlands) and the Netherlands Development fund (FMO) amongst its partners.

The Partnership Fund is also carrying out a project for energy sector development in the framework of which an American investment group, Shulze Global Investments, together with the European investment funds, are expected to enter Georgia.

Headquartered in Singapore, Shulze Global Investments is renowned for its global transactions.

“The Partnership Fund also plans to attract French investor Dominique Romano and the US’ Maclellan Foundation which will invest USD 10 million in Georgia,” Kvirikashvili said.

Nino Gugunishvili