Balkan Accession Fund

  • BAF is a €110 million private equity fund, designed to take advantage of investment opportunities generated by Romania and Bulgaria’s EU accession in 2007 and to selectively invest in other Western Balkan countries, as well as Ukraine
  • BAF’s lead investors are RAEF, EBRD, the German and Netherlands development banks DEG and FMO, and Black Sea Trade and Development Bank
  • BAF focused on companies providing consumer goods and consumer related services as well as B2B and financial services
  • Its current portfolio includes exposures to retail, logistics, refrigeration equipment installations, microfinance, leasing, equipment rental, manufacturing, IT&C, energy efficiency and renewable energy, throughout Romania, Bulgaria, and Moldova (also Albania until 2014)