The fund was launched in October 2019 and its investors are EXIM and Carion Group. EXIM’s capital commitment amounts to HUF7 billion. The fund’s mission is to help SMEs from CEE, primarily from Hungary, that have a significant growth potential expand internationally, particularly in the US. The fund mostly focuses on industries that take advantage of the capabilities of the Hungarian economy and therefore have a competitive advantage when growing internationally. Main investment focus is on the following sectors: telecom, IT, ICT, tourism (including health, culinary and lifestyle tourism), healthcare, machine industry technologies, agro-innovation, renewable resources, alternative energies and energy-efficiency technologies. Besides equity financing, the fund also provides its portfolio companies with business services (market research, business modelling and planning, marketing strategy, legal assistance, accounting and audit consultancy, financial and controlling services) via its US-based service office.

• Fund size: HUF10 billion
• Ticket size: HUF0.2 – 1.5 billion
• Fund Manager: CARION Asset Management Ltd.