The official presentation of Georgian Co-Investment Fund was held on September 30th at the Grand Ballroom of Sheraton Metechi Palace Hotel, Tbilisi, Georgia. The presentation was delivered by the Chief Executive Officer of GCF, Mr. George Bachiashvili and the Managing Directors of the Fund: Mr. Giorgi Kikvadze, Mr. Irakli Menabde and Mr. Tsotne Ebralidze. The guest speakers were: Mr. Bidzina Ivanishvili, Prime Minister of Georgia, Mr. George Pertaia, Director of the Georgian National Investment Agency and Mr. George Chirakadze, Head of Supervisory Board and President of Business Association of Georgia.
The members of Georgian government, representatives of the diplomatic corps accredited to Georgia, international organizations and financial institutions; as well as representatives of major companies operating in Georgia, existing and potential investors, economic experts and media has attended the presentation.
Georgian Co-Investment Fund is a private equity fund created with Mr. Bidzina Ivanishvili’s initiative and a strong support from Georgian and foreign Investors. GCF offers unique opportunity as a reliable partner to potential investors in Georgia. Fund’s management team is in the process of closing on the US$ 6bn commitment pool and plans to make its first investment before the end of 2013.
GCF’s investor base includes: Dhabi Group, RAK Investment Authority, State Oil Fund of the Republic of Azerbaijan, Batumi Industrial Holdings Limited, Calik Holdings A.S, Milestone International Holdings Group Limited, Mr. Bidzina Ivanishvili, Mr. Alexander Mashkevich, Estate of Mr. Badri Patarkatsishvili and other investors.
“We are delighted to announce the establishment of Georgian Co-investment Fund and we are ready to start our operations. Over the next five years we plan to invest up to US$ 6bn in Georgian economy. We raised funds both locally and internationally I in order to invest in attractive projects in Georgia. We believe that Georgian Co-investment Fund will further strengthen investor confidence in Georgia and provide significant boost to country’s economic growth,” commented, George Bachiashvili, CEO.