JSC Partnership Fund (PF) is a state owned investment fund, established in 2011 in Georgia. The fund is assigned Fitch rating "BB" , wich is equal to sovereign ceilling of Georgia.PF was created on the basis of consolidating the ownership of the largest Georgian state owned enterprises operating in transportation, energy and infrastructure sectors. PF’s main objective is to promote investment in Georgia by providing co-financing (equity, mezzanine, etc.) in projects at their initial stage of development.
PF co-invests in commercially viable investment projects with an experienced partner or specialized operator. PF acts as financial partner for private investors and provides mid to long-term financing. Fund provides Greenfield as well as Brownfield financing and acts as a "Sleeping Partner” with a predetermined, clear exit strategy. Moreover PF enables projects to attract senior financing from commercial sources or IFIs.
PF provides equity financing, mezzanine and in some cases subordinated loan (both convertible and non-convertible). PF’s participation in projects is limited to minority share (up to 50%). PF co-finances companies and assists its partners and management teams in developing plans to create sustainable long-term value
For more information about the Fund please visit the official web site: www.fund.ge