Private equity and venture capital funds have up to EUR 150 million for investments in companies in Romania, but the activity on this segment stayed at low levels in recent years due to lack of attractive investments targets and the macroeconomic environment.

“Private equity and venture capital funds invested some EUR 30 million in Romania last year, while in other years, 2011-2012, around EUR 40 - 50 million,” said Cristian Nacu, partner with Enterprise Investors, at a conference organized by Coface and Mediafax, reports local Wall-street.ro.

According to Nacu, funds invest in companies that post growth, have a competitive advantage and a competitive internal organization, as well as an efficient management,  criteria that are met by few local companies.

“Another requirement for an investment fund is represented by macroeconomic conditions. The lack of predictability is disturbing and we don’t understand the lack of a strategy regarding the type of companies that we want to develop and support,” added Nacu.

He also said that the Romanian state has a lot to do, including investments, infrastructure and fiscal policy, because “without these things, investors don’t dare to come”.

Irina Popescu, irina.popescu@romania-insider.com