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Georgia

Top international financial institutions teamed up with Small Enterprise Assistance Funds (SEAF) to support local businesses with private equity financing in the Caucasus region this Spring, after launching the Caucasus Growth Fund on March 30, in Tbilisi, Georgia. The EBRD (the European Bank for Reconstruction and...

In December 2012, Small Enterprise Assistance Funds (“SEAF”) made an investment in Alazani II, a run-of-the-water hydro power plant in the Republic of Georgia. The investment, made through SEAF’s Caucasus Growth Fund (“CGF”), signifies SEAF’s continued interest in investing in green energy. CGF made a USD...

A Small Enterprise Assistance Funds (SEAF)-managed fund invested USD 6 million in the expansion of Georgia’s largest supermarket chain this July. SEAF’s Caucasus Growth Fund (CGF) made the debt and equity investment in Ioli Gastronomy, the fund’s first investment since closing in March. Ioli has used the...

Small Enterprise Assistance Funds (“SEAF”) announced today that the fund it manages in Georgia, the Georgia Regional Development Fund (the “Fund”), has invested in Ritseula Hesi, a small hydropower plant operator in the western Racha state in Georgia. The Fund’s USD 3 million investment in...

A-Net PR Small Enterprise Assistance Funds (“SEAF”) announced today that its Georgian investment fund, the Georgia Regional Development Fund (the “Fund”), invested USD 2.2 million in A-Net, an internet service provider (ISP) in the Adjara region. The Fund’s investment in the small and medium enterprise (SME)...

The New York Times article “Glamour Revives Port of Batumi,” reviews the Georgian city of Batumi, located on the Black Sea coast, as it undergoes a new wave of development. Featured in the article is SEAF-investee Rcheuli, an upscale Georgian hotel line that operates a...

Download File Small Enterprise Assistance Funds (SEAF) announced today two new investments in growth-oriented small and medium enterprise (SME) in Georgia that SEAF will manage through the Georgia Regional Development Fund (GRDF). The two investments, totaling 3.7 million, join GRDF’s other nine investments in Georgia for...