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Hungarian-Portuguese venture capital fund to be launched

Staff Writer |
The East West Venture Capital Fund, which will be investing in Hungary and Portugal as a private equity fund operating according to market regulations, will begin operations on Wednesday.

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"It is opening a new era in economic relations between the two countries. The Fund’s investors include Eximbank Cls, OTP Bank Plc and MOL,” Minister of Foreign Affairs and Trade Péter Szijjártó announced.

During the next eight years, the Fund, which has a planned capital of 20 million euros, will be investing in Hungarian and Portuguese small and medium-sized enterprises with the growth potential to assist the digital transformation of both the private and public sectors through their solutions and developments.

Fund management tasks will be performed by Alpac Capital, which is registered and regulated by the Portuguese financial supervisory authority and has offices in Budapest and Lisbon.

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