MEET THE PEOPLE WHO MAKE IT HAPPEN
Croatian Private Equity and Venture Capital Association (CVCA)
Croatian Private Equity and Venture Capital Association (CVCA) aims to facilitate the creation of a conducive environment for private equity and venture capital investments in Croatia and the region. In addition, CVCA seeks to encourage the development and promotion of investment culture in general. Besides being active in Croatia, CVCA promotes the development of the region’s private equity and venture capital industry (SEE and CEE).
CVCA is the central meeting place for all private equity and venture capital industry members in Croatia. Through its activities, CVCA strives to bring together all private equity and venture capital funds with their headquarters or representative office in Croatia. Regular members of CVCA are Aymo Ventures, BlackPeak Capital, Blue Sea Capital, CEE Equity Partners, ECM Partners, Enterprise Investors, Feelsgood Capital, Fil Rouge Capital, Gyas, Croatian Pension Investment Company (HMID), Inspire Investments, InterCapital Asset Management, Invera Private Equity, Maverick, Mezzanine Partners, Prosperus Invest, Provectus Capital, and associate members are Alpha Capitalis, law firm Bradavica Maric Wahl Cesarec (BMWC), Cohres, law firm Kovačević Prpić Simeunović, law firm Kramaric & Partners, law firm N Law, Raiffeisen Bank International, law firm Wolf Theiss, VentureXchange.
CVCA members manage capital above EUR 3.2 billion. Private equity and venture capital investments are significant for the Croatian economy, as they invest in propulsive Croatian companies with the potential for rapid growth and job creation.
The recent past has seen Croatia emerge as a significant hotspot for private equity and venture capital investments. Over the years 2021 and 2022, Croatian startups, scaleups, and other companies, both domestically founded and founded by Croatians overseas, attracted upwards of 1 billion euros annually in private equity and venture capital investments. This investment influx positioned Croatia among the top-ranking nations in Central and Eastern Europe (CEE) in terms of relative investment share as a percentage of GDP. Croatia also holds a unique distinction within the region; it boasts one of the highest numbers of unicorns per capita. Home to two of these high-performing unicorns, Infobip and Rimac, Croatia also nurtures a burgeoning ecosystem of promising ‘soonnicorns,’ indicating a thriving future in this sector.
The role of private equity and venture capital investments in the Croatian economy is pivotal, and they act as critical catalysts for propulsive Croatian companies demonstrating substantial growth potential and job creation capabilities. These investments endeavour to globalise prospective Croatian companies, aligning them with international trends and markets, and marking their presence on the world stock exchange by promoting the rise of present and future Croatian unicorns. The private equity and venture capital investments are transforming the Croatian economy into the economy we desire, based on high skills, high tech and high wages, bringing the Croatian economy closer to developed economies.
Private equity and venture capital funds bring to entrepreneurs and companies they invest into much more than just capital. In addition to capital, private equity and venture capital funds contribute with the know-how to scale up successfully with their expertise, knowledge, support and industry expertise.
Looking ahead, the private equity and venture capital industry in Croatia will continue to grow and support the most propulsive part of the Croatian economy. At CVCA, we have actively supported the private equity and venture capital market since 2004. We are thrilled to finally witness how the market has flourished and will continue to develop in the future. It has never been a more exciting time to be a part of the private equity and venture capital community. Are you interested in joining? Please contact us, or fill in the membership application form at our website. CVCA membership is open to all members of the private equity and venture capital community. In addition to private equity and venture capital funds, membership is open to investment and pension funds, banks, law firms, accounting and other advisory firms, and individual members interested in the industry.