On 4 February 2025, the Croatian Private Equity and Venture Capital Association (CVCA) held its Annual General Assembly Meeting of members, followed by the constitutive meeting of the newly elected Management Board, at the Hotel Esplanade Zagreb and via Zoom video conference.

CVCA membership, as of the day of the Assembly, included 20 regular members, fund managers of private equity, venture capital, and mezzanine funds with headquarters or representative offices in Croatia, managing more than €4 billion of assets under management, alongside associate, individual, and honorary members, totaling 30 active members. The Assembly was attended by 16 out of 20 regular members, two out of nine associate members — VentureXchange Ltd. and Bradavica Marić Wahl Cesarec Skerlev law firm — and CVCA’s honorary member and founder Mirna Marović, thus forming a valid quorum for decision-making.

Following the General Assembly meeting, four new regular members joined CVCA, bringing the total number of regular members to 23, along with 9 associate members and 1 honorary member, for a total of 30 members as of 28 February 2025.

CVCA’s regular members now include Aymo Ventures, BlackPeak Capital, Blue Sea Capital, ECM Partners, Eleven Ventures, Enterprise Investors, Fil Rouge Capital, Feelsgood Capital Partners, GreenArt Equity (formerly CEE Equity Partners), GYAS, HMID d.o.o. (Croatian Pension Investment Company), Inspire Investments, Integral Venture Partners, InterCapital Asset Management, Invera Private Equity, Mezzanine Partners, N Vision Ventures, Orbit Capital, Prosperus Invest, Provectus Capital Partners, Roca X, Silicon Gardens, and Vesna VC.

Associate members are VentureXchange Ltd., Bradavica Marić Wahl Cesarec Skerlev odvjetničko društvo d.o.o. (law firm), Cohres d.o.o., Forvis Mazars, Hren Tomašković odvjetničko društvo d.o.o. (law firm, former member was Odvetništvo Novak d.o.o. – Podružnica Zagreb), Kovačević Prpić Simeunović odvjetničko društvo d.o.o. (law firm), Law firm Kramarić & Partners (Odvjetničko društvo Kramarić & Partneri d.o.o.), Raiffeisen Bank International, and Wolf Theiss Rechtsanwalte GmbH (law firm).

The honorary member and founder is Mirna Marović.

At the Assembly, Mirna Marović, CVCA President, presented the President’s Report on activities carried out in 2024, including the fourth edition of BestInvest.hr, a prestigious awards ceremony and conference for private equity and venture capital investments, held on 12 June 2024 in Zagreb, and the second LP-GP Networking Event, organised on 9–11 October 2024 in Dubrovnik, bringing together Croatian and international fund managers and investors. The President also presented CVCA’s ongoing policy dialogue with the Ministry of Finance regarding Croatia’s FATF grey list exit, a barrier to international investors, and highlighted CVCA’s strategic partnerships with leading European and domestic institutions, including EIB, EIF, EBRD, HBOR, as well as national market actors such as the Zagreb Stock Exchange, Progress Market, Croatian Chamber of Commerce, Croatian Employers’ Association, Croatian Exporters, CroAI, CroStartUp, Smion, Bird Incubator, and Algebra Lab.

The preliminary financial results for 2024 showed that CVCA made a small net profit of EUR 1,251.38 for the year, due to careful management of membership fees and event budgets, with a modest surplus achieved at the LP-GP Networking Event and a loss on BestInvest.hr, which was balanced by other income. The members unanimously approved the financial results and the plan to secure more annual sponsorship packages going forward.

The plan of activities for 2025 was presented and unanimously approved, including the fifth edition of BestInvest.hr to be held on 8 April 2025, which will also mark the 20th anniversary of CVCA, the Croatian PE & VC Success Stories publication, the SustainInvest.hr event on sustainable investing on 25–26 June 2025, and the LP-GP Networking Event to be held on 11 September 2025 in Zagreb, along with themed breakfasts, data collection efforts, and continued advocacy and education initiatives.

The Assembly also approved the new annual sponsorship packages to support CVCA’s growing activities, including Leader, Champion, Supporter, and E-newsletter packages, aimed at enabling sponsors to benefit from year-long visibility and partnership.

Finally, elections for the new Management Board members were held during the Assembly. The newly elected Management Board, in alphabetical order of surname, includes Mirna Marović (CVCA Founder and Honorary Member), Renata Brkić (Feelsgood Capital), Julien Coustaury (Fil Rouge Capital), Mila Čiček (Blue Sea Capital), Marko Galić (Provectus Capital Partners), Krešimir Gjenero (Mezzanine Partners), Igor Hržić (GreenArt Equity Partners, formerly CEE Equity), Slaven Kordić (Invera Equity Partners), Monika Mikac (N Vision Ventures), Tomislav Tičić (Prosperus Invest), and Tomislav Tomljenović (Enterprise Investors).

The election of the Management Board concluded the Assembly meeting. The newly elected Management Board held an immediate session, as prescribed by the CVCA Articles of Association, at which Mirna Marović was unanimously re-elected as President of CVCA for a new four-year mandate.

Mirna Marović expressed her gratitude to all CVCA members present for their unanimous support, stating: “It is an honour to spearhead the private equity and venture capital market development in Croatia from its embryonic stages in 2004 to the heights of being the driving force transforming the Croatian economy and fuelling its growth.”