Since our initial involvement in VC/PE fund management, we have identified several attractive investment opportunities and have successfully invested in and divested from corporates across all investment stages and through multiple economic cycles having delivered superior returns to our investors.
HCP has a proven track record of raising funds from all sort of investors including the Greek State, Sovereign Fund of Funds, International Financial Institutions, Institutional Investors, Foundations and HNW individuals.
Synergia Hellenic Fund IV
Manager: HCP
Funds Under Management: €30.2m
Vintage: April 2019
Term: 8 + 2 years
Structure: A Private Equity Fund structured as an A.K.E.S. under Greek Law 2992/2002
Number of Investors: 20
Strategy/Sector: Synergia is a generalist private equity fund aiming to support primarily Small and Medium sized Enterprises (SMEs) based in Greece by providing growth capital to fund their expansion plans.
Portfolio: View more
Status: Post Investment period
Website: synergiahellenicfund4.com
IBG Hellenic Fund III (HFIII)
Manager: HCP
Funds Under Management: €40.6m
Vintage: October 2009
Term: 8 + 2 +2 years
Structure: A Venture Capital Fund structured as an A.K.E.S. under Greek Law 2992/2002
Number of Investors: >30
Strategy/Sector: HFIII invested solely in the Renewable Energy Sources (RES) sector emphasizing on the development of wind and photovoltaic (PV) parks.
Portfolio: HFIII made 5 investments in the renewable energy sector through which it controlled a share of 163.0MW in an overall portfolio of 188.6MW in PV & Wind projects either in operation or at various stages of development in Greece.
Status: Fully liquidated (Year of full liquidation: 2024)
Performance: Distributions to Paid-In Capital (DPI) of 2.0x
Thermi Taneo Venture Capital Fund (TTVCF)
Co- Manager: HCP
Funds Under Management: €24m
Vintage: March 2008
Term: 10 +2 years
Structure: A Venture Capital Fund structured as an A.K.E.S. under Greek Law 2992/2002
Number of Investors: 3
Strategy/Sector: TTVCF was a generalist fund principally focusing on investments associated with environment, climate change, clean energy and energy efficiency emphasizing in the development of wind and PV parks
Portfolio: TTVCF made 5 investments in the renewable energy sector in Greece.
Status: Fully liquidated (Year of full liquidation: 2021)
Performance: Distributions to Paid-In Capital (DPI) of 1.4x
IBG Hellenic Fund II (HFII)
Manager: HCP
Funds Under Management: €17.5m
Vintage: November 2004
Term: 8 + 2 +2 years
Structure: A Venture Capital Fund structured as an A.K.E.S. under Greek Law 2992/2002
Strategy/Sector: HFII invested solely in small & medium enterprises registered and headquartered in Greece.
Number of Investors: >30
Portfolio: HFII made 6 investments.
Status: Fully liquidated (Year of full liquidation: 2016)
Performance: Distributions to Paid-In Capital (DPI) of 1.8x
AVC Venture Capital Fund (AVC)
Manager: HCP
Funds Under Management: €4.4m
Vintage: August 2000
Term: 8 + 2 +2 years
Structure: A venture capital fund structured as an E.K.E.S. under Greek Law 2367/1995.
Strategy/Sector: AVC was a later stage investment vehicle, primarily involved in bridge financing deals, with no specific sector specialization, investing solely in small to medium, non-listed Greek enterprises.
Portfolio: AVC made 5 investments.
Status: Fully liquidated (Year of full liquidation: 2006)
Performance: Distributions to Paid-In Capital (DPI) of 1.6x
JESSICA Initiative
Funds advised: €50m
Background: JESSICA stands for Joint European Support for Sustainable Investment in City Areas. This initiative was developed by the European Commission and the European Investment Bank (EIB), in collaboration with the Council of Europe Development Bank.
The starting point of JESSICA’s implementation in Greece was the signature of the Funding Agreement between the Hellenic Republic and European Investment Bank (EIB) in July 2010, for the establishment of the JESSICA Holding Fund Greece as a separate block of Finance within EIB.
Structure: In March 2011, the competent Managing Authority (Special Coordination Unit of NSRF Operational Programs, Greek Ministry for Development & Competitiveness) in cooperation with the EIB proceeded with a Call for Expression of Interest (EoI) for the selection of Urban Development Funds (UDF’s) to act as financial intermediaries that would constitute the core function of JESSICA’s implementation in Greece.
HCP was selected by EIB, alongside Investment Bank of Greece under the context of the JESSICA Initiative, to actively advise the latter on the management of 4 UDFs, to finance urban development projects in the regions of Eastern Macedonia and Thrace, North Aegean, Western Macedonia and Epirus.
Strategy/Sector: Allocated funds could finance urban development projects such as: urban infrastructure, including transport, water/waste water, renewable energy, energy efficiency improvements, real estate development (office buildings, shopping malls etc.) redevelopment of brownfield sites, as well as site clearance and decontamination, health and tourism.
Vintage Year: 2012
Investors: The Greek State, through the use of the EU structural fund allocations.
Status: The investment period ended on 31.12.2015.
Projects Financed:
- Renovation of an old tobacco warehouse to a modern 5* hotel
Region: Eastern Macedonia
Investment Instrument: Debt
- Implementation of an Integrated Solid Waste Management System
Region: Western Macedonia
Investment Instrument: Debt
- Implementation of Athletic Infrastructures and Leisure facilities
Region: Epirus
Investment Instrument: Debt