The Polish Development Fund (Polish: Polski Fundusz Rozwoju, PFR) and its several subsidiaries form a state-owned financial group, headquartered in Warsaw, which offers instruments supporting the development of companies, local governments and individuals, and invests in sustainable social development and national economic growth. Established in 2016, the Group aims to implement programs enhancing long-term investment and economic potential, and supporting equal opportunities as well as environmental protection.

The PFR parent company directs the strategic vision for the corporate group which includes four distinct subsidiaries:

  • PFR Ventures – the largest fund of funds (FoF) in the CEE region offering repayable financing to innovative SMEs through selected financial intermediaries such as venture capital funds or business angels;
  • PFR Portal PPK – a company dedicated to supervising the Employee Capital Plans (PPK), which is a common and voluntary long-term saving system for employees in Poland, developed and co-financed by employers and the state;
  • PFR TFI – a company focused on incepting and managing closed-end investment funds oriented towards alternative assets (e.g. real estate, infrastructure projects, PE or VC) as well as managing a part of the assets raised in the PPK program;
  • PFR Nieruchomosci – the real estate arm of the Group which aims to improve the potential of the national housing market by implementing investments of significant importance to local communities.

Following the example of best international practices and acting within one comprehensive strategy, the Polish Development Fund also integrates the offer of other leading Polish development institutions comprising: the Polish Development Bank (BGK), the Industrial Development Agency (ARP), the Export Credit Insurance Corporation (KUKE), the Polish Agency for Investments and the Commerce (PAIH) and the Polish Agency for Enterprise Development (PARP).

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