Government established state owned “Partnership Fund” with an equity value of 1.4 billion, provides equity financing to financially viable projects. Partnership Fund participates in new investment projects in order to decrease country risks for foreign investors and it acts as a “sleeping Partner” with a predetermined, clear exit strategy.
Investor can buyout Partnership Fund shares as soon as investor is ready and selling price of shares can be preliminary determined or PF will sell its shares on the market.
PF can finance maximum 49% of equity, because they don’t want to be majority equity holders since they are not going to participate in the management of business. They already have several successful completed projects in their portfolio and 8 projects are under implementation.
The Priority Sectors of the fund are:
Infrastructure & Logistics
Real Estate & Tourism
Official Website: http://fund.ge/