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SEEPEA: The Romanian Fund for Investments will allow infusions of Romanian capital in real economy
The Association of Private investments and risk capital in south-east Europe (SEEPEA) welcomes the decision of the government of Romania to constitute the Romanian Fund for Investments as sovereign fund for development and investments according to a press release on Monday. ‘We hope this will become a cathalyst for the development of industry of private equity (investment funds with acquisition strategies, growth or mezzanine) and risk capital in Romania.It is another step of extreme importance to go on with the steps already taken by the adoption of the legislation regarding the alternative investment funds, which will allow infusions of Romanian capital in the real economy, essential capital in this socio-economic context, difficult at world level’ the representatives of the association says.
Thus, both the state and the private pensions funds will be able to contribute directly and decisively in the project of economic development of Romania, together with the interna?ional financial institutions and foreign institutional investors and the investment funds which could be set up through co-sharing will constitute that class of investors on a long term in the Romanian economy which will ensue investment flows and development strategies necessary to the economic emancipation of the country and competitiviness growth.
SEEPEA has started work since 2005 with the purpose of promoting the efficient market of private investments and risk capital in favour of entrepreneurs, investors and economy as a whole, and expresses the availability to collaborate with the Romanian Fund for investments with a purpose of identification of the optimal ways for implementation of the legislation newly promoted, so that the results of this beneficial initiative meet the needs of the Romanian society.