Our Story
The Development Fund of Georgia (DFG) is a state investment fund with a rich history. We trace our roots back to the Partnership Fund, established in 2011. This entity carried our mission forward until September 2023, when we emerged with a new name and renewed focus.

At DFG, our mission is clear: to attract and support private investors right from the early stages of their projects. We step in as co-investors, providing equity, subordinated loans, and more, ensuring that promising ventures receive the backing they need to thrive.
Our goals
Our goals drive every initiative we undertake:

• Encouraging economic diversification and decreasing reliance on traditional industries.

• Promoting the attraction of local and foreign direct investments in key sectors.

• Integrating private sector businesses into global value chains.

• Supporting the development of industrial clusters throughout the regions of Georgia.
Our Activities
Operating exclusively within Georgia, DFG’s strategy is to draw in and support private investors. We partner with experienced professionals, offering mid to long-term financial support. Our involvement includes Greenfield and Brownfield financing, and we often act as a "Sleeping Partner" with a clear exit strategy. Additionally, we facilitate the attraction of senior financing from commercial sources or international financial institutions (IFIs).

We provide a range of financial supports, including equity financing, mezzanine, and subordinated loans (both convertible and non-convertible). Our participation is always as a minority shareholder, never exceeding 49% of the total investment, and typically up to 30%. We work alongside companies and their management teams to create and implement plans that generate sustainable, long-term value.

We conduct thorough analyses of each project, covering financials, market positioning, growth potential, strategy relevance, and the capability of management teams to execute plans. By focusing on specific industries, our team gains deep insights into the economics of the both convertible and non-convertible)businesses we support.

Our commitment is for the mid-to-long term, with predetermined conditions that ensure stability and clarity for our partners.