PFR Biznest Fundusz Inwestycyjny Zamknięty
What does the fund do?
The PFR Biznest FIZ was created to support innovative small and medium enterprises (SMEs) at an early stage of development.
The PFR Biznest FIZ is the fund of funds, whose beneficiaries are innovative companies at an early stage of development. They may either be an enterprise that:
- does not conduct activities on any market (Group A), or
- has been conducting activities on any market for less than 7 years since the first commercial sale (Group B).
The fund strategy is to make investments through financial intermediaries (co-investment funds) cooperating with Business Angels that – by sharing their experience and competences and smart money – increase the financed companies’ chances of commercial success.
What purposes or projects are implemented by the fund?
- Contributing capital to innovative SMEs together with Business Angels,
- Establishment and development of an ecosystem: of Business Angels and management teams co-investing with Business Angels,
- Creation and development of the best standards on the market of Business Angels, including standards of syndication processes.
Who may benefit from the Fund?
- Innovative small and medium-sized enterprises
- Private investors
How does the financing by the PFR Biznest FIZ function?
The fund finances companies through capital investments of the Financial Intermediary (co-investing fund) in co-investment with Business Angels in the following proportion:
- 50% is invested by the financial intermediary (co-investing fund),
- the remaining 50% of the contribution is made by Business Angels.
Area of operation and legal requirements:
PFR Biznest skierowany jest do zespołów zarządzających Venture Capital, które planują inwestować w spółki we wczesnej fazie rozwoju (seed, pre-seed) wspólnie z prywatnymi inwestorami ze stosownym kapitałem i doświadczeniem (Aniołami Biznesu). Finansowanie mogą otrzymać spółki, które mają siedzibę i prowadzą działalność gospodarczą w Polsce. Firmy-beneficjenci mogą mieć formę spółki kapitałowej lub komandytowo-akcyjnej.
Investment period:
The fund implements the investment for 8 years: 4 years form an investment period and the next 4 years form the stage of the fund’s exit from the investment.
Each stage may be extended by 2 years.
Structure of shares after the investment by the fund
The contribution of the PFR Biznest FIZ may range from 5 to 49% of the value of the company’s share.
A single company may obtain PLN 4 million in the following proportion:
- 50% from the contribution of the Financial Intermediary (co-investment fund), and
- 50% from the contribution of Business Angels.
How does the investment process in PFR Biznest FIZ function?
Together with the Business Angels, PFR Biznest creates a Financial Intermediary, i.e. the co-investment fund for the given call. Such a fund may be created as one of the following two models: co-investment or non-co-investment.
- The PFR Biznest transfers resources up to 50% of the fund capitalisation. The remaining 50% is transferred by the Business Angels.
- In its 50% contribution, the PFR Biznest FIZ transfers up to 96% of the capitalisation – the remaining 4% is transferred by the managing entity.
Co-investment model
Members of the Team of the Entity managing the fund also invest as Business Angels.
Non-co-investment model
Members of the Team of the Entity managing the fund are not Business Angels.
PFR Biznest FIZ in short:
Fund of Funds
PLN 258 million
Financing of innovative companies at an early stage of development granted by financial intermediaries in cooperation with Business Angels
The maximum investment in a single company may amount to PLN 4 million in the following proportion: 50% from the financial intermediary’s contribution and 50% from the Business Angels’ contribution
Open selection of financial intermediaries cooperating with Business Angels carried out through PFR Ventures
8 years
Important information
More information about the PFR Biznest FIZ fund is available on PFR Ventures.
SFDR Classification
The fund is classified as an Article 6 fund under the EU Sustainable Funding Disclosure Regulation (SFDR), which means that sustainability risk is taken into account in the investment decision-making process.
Sustainability risk in the SFDR is defined as: an environmental, social, or governance event, or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment arising from an adverse sustainability impact.
The principles for for considering sustainability risks in investment decisions are set out in the "Strategy for incorporating sustainability risks into PFR TFI S.A.'s investment decision-making process." which is available on that page.
Management of the fund
Record of Investment Funds
RFI 1451
Abbreviated name of the fund
PFR BIZNEST FIZ
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