Zaitech Fund/s investors - shareholders are Attica Bank and the New Economy Development Fund (TANEO).
Attica Bank has been a successful player in the
Greek banking sector for 80 years, with a strong capital
structure, constantly growing financials and a wide network
of branches covering almost the entire country.
It offers a wide range of financial products (loans,
deposits, private banking, mutual funds, leasing and
The Bank/s affiliation with Attica Ventures is not
simply a seal of approval and prestige, but also offers
significant support and synergies through the potential
to develop integrated financial services packages
for Attica Ventures portfolio companies, and to use
the Bank's economic know-how and knowledge of prospects
in specific markets.
New Economy Development Fund S.A. was set up by
Article 28 of Greek Law 2843/2000. Its objective is
to co-finance venture capital funds investing in innovative
business activities in their early stages of development.
TANEO has a capital of €150m available for investment
in VC funds, €105mof which comes from 34 institutional
investors and €45m from the Greek State/s Public Investment
TANEO's goal is to support and improve the efficiency
of the venture capital market. Consequently, the main
criteria for TANEO/s investment in venture capital
funds are their reliability and solvency, and the
ability of their future investees to help the development
of “new economy” sectors. TANEO's consultant for selecting
suitable investment schemes is Westport Private Equity
Ltd., the largest and most successful fund of funds
in Europe with more than €2bn under management.