The geopolitically important Three Seas Initiative has received increased support as international institutional investors commit more money to its flagship investment fund, Three Seas Initiative Investment Fund (3SIIF).
“We are extremely pleased that at the Tallinn Summit additional commitments to the Fund were announced by Hungary, Slovenia, Bulgaria, Lithuania, Croatia, the US International Development Finance Corporation and the Fund’s Investment Adviser, Amber Infrastructure Group,” said Beata Daszyńska-Muzyczka, chairperson of the Supervisory Board of the 3SIIF and president of the Polish Development Bank BGK – which also committed to further investment on behalf of Poland.
The commercial and market driven initiative is aiming to address the infrastructure gap between western and eastern Europe, which will require an estimated €600bn.
Focussing on the energy, transport and digital sectors, the fund is looking to stimulate private capital in the region.
Amber investment group, the advisor to the fund, is responsible for its management, fundraising and origination.