EUR 10 million for SMEs in former Yugoslav countries from EBRD's new fund

Small and medium-sized enterprises in south-eastern Europe will benefit from a EUR 10 million equity investment by the EBRD in the Invera Private Equity Fund, which will focus on supporting and developing private companies in Croatia, Slovenia, Bosnia and Herzegovina, Serbia and Montenegro with equity and equity-related investments, the EBRD announced on Tuesday, July 9, 2019.

– EBRD’s investment will enable the Bank to address the SME private equity segment in south-eastern Europe. We are excited to support the establishment of a new local and independent team – Anne Fossemalle, EBRD Director and Head of the Equity Funds team, commented.

Invera Equity Partners is a newly established private equity fund manager which will target total capital commitments of up to EUR 100 million, the EBRD said in a press release sent to Tanjug, adding that the region has strong entrepreneurial potential that is often held back due to difficult access to financing.