Funds Advised
| Fund | Raised in | Size | Investment Profile |
| South Eastern Europe Fund | 2006 | €350m | Investments in regional mid-market buyouts mainly in Greece, Bulgaria and Romania |
| Global Emerging Property Fund | 2005 | €150m | Investments in commercial real estate projects mainly in Romania, Bulgaria and Serbia |
| Global Romania & Bulgaria Growth Fund | 2003 | €20m | Investments in small and medium sized companies in Bulgaria and Romania |
| Global Capital Investors (II) | 2000 | €200m | Investments in growing companies in Greece and abroad |
| Black Sea Fund | 1998 | $100m | Investments in companies in the Black Sea region |
| Global Capital Investors | 1997 | $50m | Investments in fast growing companies in Greece and abroad |
| Euromerchant Balkan Fund | 1994 | $27m | Co-investments with Greek companies expanding in Bulgaria and Romania |
| Baring Hellenic Ventures | 1991 | $14m | Investments in fast growing companies in Greece |
ACTIVE FUNDS
In line with the increasing regionalisation of business within SEE, in recent years Global Finance Group has created funds with a broader geographic focus. Currently, there are no active funds.
inactive funds
The South Eastern Europe Fund was the latest private equity fund formed by Global Finance. With a total size of €350m, SEEF focused on buyout investments in dynamic, extrovert companies with growth potential and expansion opportunities within the region.
The Global Emerging Property Fund was raised in June 2005 with a capital of €150m for investment in real estate in Romania, Bulgaria and Serbia. The Fund’s portfolio consisted of six projects, which included a mix of income producing office properties, residential buildings and prime land suitable for mixed-uses development.
CLOSED FUNDS
Historically, Global Finance was running separate funds for Greece and the Balkans: three funds, Baring Hellenic Ventures, Global Capital Investors and Global Capital Investors II, had their primary investment focus in Greece:
Baring Hellenic Ventures, the firm’s first fund, invested in growing companies with a solid performance record and a strong brand name. It was liquidated in 2004, achieving an extraordinary return (more than 13 times the initial amount contributed).
Global Capital Investors, raised in December 1997, followed the successful Baring Hellenic Ventures strategy (private, fast-growing, established companies; minority positions) but also added new elements: increased emphasis on technology deals, Greek ventures abroad and management buyouts.
Global Capital Investors II, raised in April 2000, gave added emphasis to the technology and media sectors and on further development of the Greek management buyouts.
By contrast, the EuroMerchant Balkan Fund and the Black Sea Fund were created to exploit the maturing Eastern European economies. Both funds were supported by major Greek and international institutional investors, such as the European Bank of Reconstruction and Development, the International Finance Corporation and the European Union. Emphasis was given initially on investing alongside strategic partners, who apart from their share of the capital also contributed the required industry know-how and management resources. As Eastern European economies were slowly maturing, investment focus gradually shifted towards established local companies and entrepreneurs with the ambition and potential to become the business leaders in their local markets.
