One of the investors in BlackPeak Capital is BCR Pension.
In Romania, BlackPeak Capital has invested in Verdino Green Foods so far, which makes pea protein-based foods. The company started to export under its own brand to 13 countries, among which Germany, UK, Netherlands, Poland and US, last year.
Prior to joining BlackPeak, Virgil Chitu had worked for Citi in various roles on several markets where it operates and most recently in the Financial Sponsors Investment Banking team in London.
“We want to have a positive economic, social and environmental impact in the region. Our strategy entails EUR5 million to EUR15 million investments in companies with rapid growth potential in Romania and in the region and we are thrilled to be part of this ecosystem dynamic and generate sustainable growth,” Virgil Chitu said.
Investments in Romania will be conducted via Southeast Europe Growth Equity Fund, which raised EUR126 million last year. Based in Luxemburg, it is backed by the European Investment Fund, EBRD, IFC, Erste Asset Management, BCR Pension and other regional pension funds.
BlackPeak was launched in 2014 and seeks to make investments in companies in Romania, Bulgaria, Slovenia, Croatia and Serbia.
(English version by Loredana Fratila-Cristescu)