Poteza Nalozbe d.o.o. (Poteza), the sponsor of Poteza Adriatic Fund B.V. (Poteza Fund, the Fund or the company), is part of the Poteza Group, an established financial institution in Slovenia. Between 1992 and 2002, the Poteza Group developed a successful track record investing its own capital in private equity transactions in Slovenia. In addition to private equity, the Group is active in brokerage services (which was the Group’s first business established in 1989), investment banking and asset management. Poteza has committed 15% of the Fund’s total capital commitments.

The Fund’s target size is €75 million. The proposed IFC investment is up to €11.25 million, for up to 15% of the Fund’s total capital commitments.

13.68 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	13.68

* These investment figures are indicative

The Fund has been formed as a limited liability company (B.V.) in the Netherlands. The Fund is collectively managed by Poteza Capital Management B.V. and Cielo Azul N.V. (the Fund Manager). The Fund Manager retains a local advisory team in Ljubljana, Slovenia. New offices are planned in Belgrade, Serbia & Montenegro and in Sarajevo, Bosnia and Herzegovina.

This project’s development impact will: - Contribute to the economic development of the region by supporting 10-12 companies lacking equity financing, and more importantly, by offering managerial and strategic support to improve enterprise competitiveness. - The Fund’s role is expected to be valuable in providing assistance in the repositioning, restructuring and expansion of companies just entering or re-entering competitive markets. IFC will undertake a variety of roles, including the following: - Catalytic Role: IFC participation will help the Fund reach a critical size, provide added credibility to Poteza and increase its chances of raising capital from international sources. - Institution-Building: IFC will support the development of local private equity skills by helping a successful local private equity team grow and expand in the Region. - Fund Structuring and Key Terms: IFC is working with Poteza to improve the Fund’s structure and terms and bring them in line with IFC and international standards. - Governance of the Fund: IFC will seek to play a governance role through participation on the Fund’s governing structures, including its Advisory Board and Investment Committee.

This is an FI Type 2 project. The Fund Manager will be required to undertake an environmental review of each sub-project. IFC will assess the Fund Manager’s capability to carry out such reviews.
Location of environmental documents in locally affected community