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Frequently
Asked
Questions
Everything you need to know about TF Capital and our investment approach
About TF Capital
We operate as a cross-border investment platform combining EU regulatory standards with active strategic involvement in our portfolio companies.
Our focus includes pre-seed, seed, early growth, and select expansion-stage businesses with strong fundamentals and regional or international growth potential.
Our unique positioning bridges Polish capital expertise with deep Western Balkans market knowledge. We combine rigorous financial discipline with hands-on operational support, and we have dedicated local teams in key markets across the region.
Investment Criteria
We typically invest in companies with annual revenues between €5M and €50M. Our typical investment size ranges from €10M to €50M per transaction.
Our primary focus areas are Technology & Digital (35%), Manufacturing (30%), Consumer Goods (20%), and Healthcare (15%). However, we remain opportunistic and will consider exceptional companies in other sectors.
Yes, we focus exclusively on the Western Balkans region, including Serbia, Bosnia and Herzegovina, North Macedonia, Kosovo, Montenegro, and Albania. This regional focus allows us to develop deep market expertise and extensive local networks.
Investment Process
From initial contact to closing typically takes 3-6 months, depending on the complexity of the transaction and due diligence requirements. We strive to be efficient while maintaining thorough analysis.
Initially, we need an executive summary, financial statements for the last 3 years, current year projections, organizational structure, and information about your competitive position. A pitch deck is helpful but not required for initial discussions.
Yes, we are happy to sign standard non-disclosure agreements before receiving confidential information about your company.
Working with TF Capital
We are active partners who typically take board seats and work closely with management on strategic initiatives. Our involvement includes strategic planning, operational improvements, talent development, and facilitating regional expansion.
We typically hold investments for 5-7 years, allowing sufficient time to implement our value creation strategy and achieve optimal exit conditions.
We pursue multiple exit routes including trade sales to strategic buyers, secondary buyouts to other PE firms, or in some cases, IPOs. The exit strategy is tailored to each company and market conditions.
Absolutely. We prefer to partner with existing management teams and founders who want to continue building their companies. We believe founder-led businesses often have the strongest growth potential.
For Investors (LPs)
Our funds are open to qualified institutional investors, family offices, and high-net-worth individuals who meet regulatory requirements for professional investors.
Still Have Questions?
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