Investeringsfonds Groningen (IFG) has committed a total of €34 million in fund capital, of which slightly less than €12 million is invested in the funds: Carduso Capital (2015), Acquisitiefonds Groningen (2016), G-Force Capital (2017), Pharma Connect Capital (2017) and Berk Partners Groeifonds (2018) exceeding the expectations formulated at the time it was established. These funds have financed 25 companies, with 258 jobs at present, 151 of which are in the province of Groningen. The commitments and investments through IFG have attracted over €136 million in external capital.
Based on the current pipeline, it is considered to be highly likely that a new fund investment can be reported in Q 3 2019. There is a prospect of more fund investments. Expectations are that the total number of participating interests in companies by all funds together will be 27 in 2019, representing around 270 direct jobs. The first exits are expected in 2020.
