Belgian Growth Fund invests in late-stage venture, growth and buy-out funds.

Supporting funds that invest in promising Belgian companies

BGF has a fund size of EUR 312 million. It counts institutional investors such as AG Insurance, Belfius Insurance, Ethias, KBC Insurance, vdk bank & Crelan and high net worth individuals amongst its limited partners.

Belgian Growth Fund is on track

Amidst a still shaky economic environment due to the pandemic, Belgian Growth Fund is proud to state that it is still on trac...

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Fifth fund investment in Forbion

The first four fund investments have now been made. So far, BGF has invested in Fortino Capital II Growth, SmartFin Capital I...

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Hans De Cuyper
(AG Insurance)

“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
(Belgian government)

“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.”

Maxime Jadot
(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 (SFPIM)

“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.”

Michel Casselman

"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."

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Belgian Growth Fund raised funds from institutional investors such as insurance companies, banks and pension funds, and from family offices.