GB & Partners currently runs four private equity and venture capital investment funds at an aggregate initial capital of some 70 bn HUF (~200 mn EUR).

We have two venture capital investment funds launched under the aegis of EU’s JEREMIE programme, while our other two private equity investment funds are backed by internationally active institutional and private investors. The investment period for the two JEREMIE funds was closed in 2016, no further investments can be made since then, key focus is now on business development and exits.

Not only our investment philosophy but our funds’ transaction limits and goals tend to match international trends. Exim Cross-border PE Fund and GBP I PE Fund explicitly targets projects with foreign expansion as a primary strategic vision. Exim Fund however invests mainly into Hungarian companies wishing to enter or expand in foreign markets, while GBP I Fund may invest practically anywhere in the world.

JEREMIE Magvető / JEREMIE Seed VC Fund

Launch year: 2013
Initial capital: 2,2 bn HUF
Investment period closed.

All available funds have been invested into 37 projects. This Fund invested primarily into start-ups or seed-stage business ventures under the JEREMIE directives, up to 150 K EUR per individual project. The investment period ended on 31 May 2016 and the fund terminates in 2023. Although not all its investments rose to success, not unusual when investing into start-up projects, some indeed attracted the attention of third-party investors and closed stage two investments to further finance their growth.