Fund of Funds in Bulgaria (FMFIB)

Fund of Fund’s mission is the effective management of the Fund of Funds co-financed by the European Structural and Investment Funds (ESI Funds). The assets of this specialised investment vehicle are in excess of EUR 600 million. The Fund will implement a wide spectrum of financial instruments to mobilise private and public resources thus fostering investment in a number of strategic sectors including, SME development, municipal and social infrastructure, energy efficiency, technology transfer, among others. We will also enhance the access to innovative financial solutions for Bulgarian SMEs and mid-caps by structuring guarantee, debt, equity and mezzanine products channelled through selected financial intermediaries. Fund of Funds is established in 2015 and is wholly owned by the Bulgarian state. The Fund of Funds combines resources earmarked for implementation of financial instruments under the national operational programmes, which currently encompass Regions in growth, Innovation and competitiveness, Environment and Human resources development.