The data show that Romania’s private equity and venture capital market continues to mature, supported by an increasingly diversified investor base and a significant increase in investment activity. At the same time, fund-backed companies are making an important contribution to the economy through job creation, revenue growth and the development of regional and global champions.
“As the market matures, Romania is becoming an increasingly attractive destination for long-term capital, offering investors access to high-growth companies while also contributing to innovation, job creation and economic convergence with the European Union. These results show that private equity and venture capital investments can create value both for companies seeking capital to support their development and for investors looking for long-term exposure to the real economy,” said Andrei Gemeneanu, President of ROPEA.
Between 2019 and 2024, companies backed by private equity and venture capital funds created almost 20,000 new jobs in Romania, generated more than EUR3.2 billion in additional revenue and contributed up to 0.8% of GDP annually (based on the estimated gross value added generated).
Total capital raised reached EUR197.5 million, making 2025 the second-best year in the history of the local market. Cumulatively, funds raised EUR453.7 million in 2024–2025.
The strong fundraising performance of the past two years was driven primarily by programs developed under the National Recovery and Resilience Plan (NRRP), particularly the Recovery Equity Fund, the EUR400 million fund of funds managed by the European Investment Fund. The Recovery Equity Fund is estimated to mobilize between EUR400 million and EUR600 million in the Romanian economy over the medium term, making a significant contribution to the development of the local private capital ecosystem.
The local investor base has also diversified significantly. Between 2024 and 2025, public institutions and government agencies were the largest source of capital for Romanian private equity and venture capital funds, contributing approximately EUR227 million, or 50% of total funds raised. They were followed by individuals, who invested EUR143.1 million, representing 32% of the total, family offices (EUR42 million, representing 9% of the total), asset managers (EUR15.9 million, 4%), corporate investors and sovereign wealth funds. These developments indicate that the Romanian market is beginning to attract the attention of global institutional investors.
By comparison, funds in Central and Eastern Europe raised EUR2.2 billion in 2025, 29% more than in the previous year, largely supported by institutional investors, particularly banks and pension funds. These categories of investors remain underrepresented in Romania.
(English version by Loredana Fratila-Cristescu)