Belgian Growth Fund is a fund of funds that will mainly invest in funds which invest in scale-ups, being young and promising companies that need growth capital to finance their international expansion.
Supporting funds that invest in promising Belgian companies
Belgian Growth Fund (BGF) will have a fund size of EUR 300-350 million. In July 2019, BGF realized a first closing with a capital of EUR 213 million. It counts institutional investors such as AG Insurance, Belfius Insurance, Ethias, KBC Insurance, VDK Spaarbank & Crelan and high net worth individuals amongst its limited partners.
BGF invests in better healthcare via Gilde healthcare V
Belgian Growth Fund invests 15 million euros in Gilde Healthcare V, an investment fund based in the Netherlands that invests...Read more
Hans De Cuyper
“We have supported this initiative from the outset, on the one hand because of its innovative financing structure, and on the other hand because of the quality and expertise of the partners.”
Alexander De Croo
“Future jobs are created by growth companies. The number of new employees in scale-ups is greater than that of start-ups, with a larger variety of jobs at various levels.”
(BNP Paribas Fortis)
“BNP Paribas Fortis is pleased to select the funds that will contribute to the success of Belgian Growth Fund. We have many years of expertise in direct private equity and fund investments in particular.”
Koen Van Loo
“We are delighted that we have been able to mobilise private institutional capital for Belgian Growth Fund. This allows us to take larger investment tickets in funds.”
"Raising amounts of EUR 10 million and more is often a problem for Belgian scale-ups, because there are few venture capital funds in our country that can put such amounts on the table."
Belgian Growth Fund raised funds from institutional investors such as insurance companies, banks and pension funds, and from family offices.