The PFR CVC programme is a Fund of Funds that will allocate PLN 370 million for investment in independent CVC funds. An additional PLN 250 million will be added to this budget by corporations. It is the first and only Polish and one of the few Funds of Funds in Europe providing financing in the CVC segment.
PFR CVC is the first Polish fund of funds dedicated to corporations which wish to invest in innovations with the help of professional and independent management teams.
The new PFR CVC will allow two schemes for corporations (medium or large enterprises) to get involved. The first is the commitment model. The corporation then joins the fund directly and participates in each of its investments.
It is possible to submit a tender in the commitment model without the participation of investors. In such a situation, only the management team will be evaluated. After positive verification of competencies, the tenderer will receive a written declaration from PFR Ventures in the form of a letter of intent, which will demonstrate PFR Ventures readiness to invest in such a fund. The PFR Ventures declaration will be valid for 12 months, during which the management team will be obliged to ensure the contribution of the private investors (one or several).
The second model, based on market expectations, allows the corporation to be involved in individual funudure investments (as a co-investor).
