Investment criteria
Fund investments only
Belgian Growth Fund II is a fund of funds that will invest in funds and will not invest directly into portfolio companies.
Focus on scale-ups and growth
Belgian Growth Fund II invests in funds which provide later stage venture capital, growth and/or buy-out capital
Belgian angle
A portfolio fund will invest in companies based or significantly active in Belgium for an amount that is at least equal to 1.0X commitment of Belgian Growth Fund II.
Concentration
A fund investment shall not exceed the lower of:
✓ 15% of Belgian Growth Fund II’s total commitments,
✓ 30% of the committed capital of the portfolio fund.
Established teams
Belgian Growth Fund II prefers to invest in teams that have a joint and proven track record.
Minimum ticket
Belgian Growth Fund II will typically invest between EUR 15 and 25 million in an investee fund.
Diversified portfolio
Belgian Growth Fund II is sector agnostic and targets a diversified portfolio of 10-15 funds spread over different investment stages:
✓60-70% in later stage venture capital;
✓30-40% in growth and/or buy-out.
ESG
SFDR Article 8 FOF
Promoting ESG/SDGs - Min. 75% in SFDR Article 8/9 funds - Max. 25% in SFDR Article 6 funds
Focus on SDG 8 (decent work and economic growth), SDG 9 (innovation) and SDG 3 (good health)
