Project number:


Business sector:

Equity funds

Notice type:


Environmental category:


Approval date:

04 Nov 1997



PSD disclosed:

15 May 1997


Project Description

An equity investment of up to US$ 5 million, limited to a maximum 33.3 per cent share in the fund's capital commitments.

The project objectives are to invest in small and medium-sized majority privately owned enterprises or state-owned enterprises (other than public utilities) undergoing a programme of privatisation with the objective of achieving long-term capital growth.

Transition Impact

CCP will be the first private venture capital fund for investment exclusively in Croatia. It will have a considerable impact on the transition by supporting the local economy with equity financing and management expertise.

The Client

Croatia Capital Partnership Ltd (CCP), a venture capital fund to be established as a Jersey-based limited partnership, with capital of not less than US$ 15 million.

EBRD Finance

An equity investment of up to US$ 5 million (ECU 4.4 million), representing not more than 33.3 per cent of the fund's capital commitments.

Project Cost

US$ 15 million at initial closing, second closing to be held towards the year end. The Bank's share will depend on the fund's size (higher percentage participation in the event of a smaller fund) but would not exceed 33.3 per cent of total capital commitments.

Environmental Impact

Having no direct impact on the environment, the project has been classified F/I. The fund will carry out its operations in accordance with the EBRD's Environmental Procedures for Investment Funds, which provide for integration of environmental due diligence in the investment approval process and compliance with national/local health, safety and environmental regulations and standards.

Technical Cooperation


Company Contact


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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