Georgia Regional Development Fund LLC

In 2006, SEAF launched the Georgia Regional Development Fund (GRDF) to invest in growing and dynamic SMEs in the Republic of Georgia. In particular, GRDF focuses on businesses outside the capital of Tbilisi and those operating in tourism and agribusiness.

Millennium Challenge Georgia (MCG), a Georgian government agency sponsored by the US Government’s Millennium Challenge Corporation (MCC), established GRDF to promote transparent private sector development in Georgia as the county makes significant progress instituting democracy and market reforms.

Since the Fund's launch, SEAF’s local team in Georgia has partnered with strong local entrepreneurs engaged in a variety of industries to promote domestic growth and economic independence and stability. While Georgia has faced various political and economic challenges during SEAF’s tenure in the country, the Fund has engaged the power of ambitious entrepreneurs who, with GRDF’s risk capital investments and business partnering, have achieved growth for their companies, sustainable employment for Georgian citizens, and other positive impacts on the Georgian economy.

Interested investors should view the SEAF Caucasus Growth Fund.

Financial description

GRDF makes "mezzanine" investments, which are investments that combine features of equity and debt, including participatory loans, preferred equity, and other financial instruments.
SEAF strongly believes that by employing a combination of debt and equity features with appropriate exit mechanisms, a mezzanine investment approach can provide consistent portfolio returns and enhanced investor controls while retaining the potential for significant capital appreciation.