BGF realises a second closing at 278 million euro
The initiator, the Federal Participation and Investment Company (FPIM) and the service providers, the Flemish investment company PMV and BNP Paribas Fortis Private Equity, are delighted that 278 million euros have already been raised.
In July 2019, a capital of 213 million euros was launched. Belgian Growth Fund has already raised funds from institutional investors such as banks, insurance companies and pension funds, and from so-called 'family offices'. The second closing is led by M.R.B.B., the holding company of the Boerenbond.
Fund on track
Belgian Growth Fund wants to strengthen the financial strength of Belgian growth companies with larger investment tickets. In this way, these companies, which guarantee a high level of innovation and extra employment, can be managed from here and develop internationally. Belgian Growth Fund does not invest directly in growth companies, but through funds that in turn invest in growth companies. In this way, a diversified portfolio is built up that appeals to a wide range of investors from a diversification perspective. With a second closing of 278 million euros, the fund is on course: from the start, the fund was aiming for a size of approximately 300 million euros. In the coming months, this fund will raise additional resources from investors.