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Georgian Co-Investment Fund
The fund was established following significant interest expressed by the international investors in the creation of an investment mechanism to access opportunities in the region.
Products
Equity and hybrid financial instruments (i.e. convertible debt, etc.)
Assets under management:
US$2.4 billion
Target Sectors
- Energy & Infrastructure. Portfolio includes medium and large hydro power plants in various stages of development;
- Hospitality & Real Estate. Portfolio includes hotels around Georgia, a shopping mall, and a mixed-use development;
- Agriculture & Logistics. Portfolio includes a vegetable greenhouse and a hazelnut plantation;
- Manufacturing. Portfolio includes a construction materials company in the pipeline
Description of financial services
Private equity investment in startup and seasoned companies in the country of Georgia
Selection criteria and technical assistance available
| Geography | Georgia (at least, 80% of allocated capital), remaining 20% may be invested outside of Georgia in projects having a nexus to Georgia |
| Maximum exit horizon | Seven-nine years from fund closing |
| Eligible project types | Standalone projects, seasoned companies, corporate buyouts, divestitures, startups |
| Investment instruments | Equity and hybrid financial instruments (i.e. convertible debt, etc.) |
| Minimum project size | USD 5 million |
| Fund’s equity participation | 25% - 100% |
| Financial Criteria | Minimum equity IRR to the fund: 17% |
| Investment Restrictions | Trading, retail, standalone residential real estate, gambling, speculative, transit |
| Exit |
IPO, trade sale, put to equity partner, desired IRR achieved through operations or unit sales |
| Project Sponsors | Projects can be sponsored by actual investors or their authorized representatives |