by ThinkFirst CpitalOne
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We extracted a little something our CEO Kiril Panov had to say about our philosophy and the region we are operating in:
Small beginnings often carry the greatest potential.
In biblical parable, the mustard seed starts as something microscopic – yet, rooted in genuine belief and purpose, it grows into something massive, capable of shifting landscapes.
That is the philosophy behind Think First Capital I.
We launched this fund as the product of a shared vision to unlock the untapped potential across Central / Eastern Europe and the Western Balkans.
We saw ourselves as that mustard seed: starting small, but driven by a mission to create profound, lasting impact.
Working on Think First Capital I has proven that a single, well-executed idea can create immense value. True asymmetric opportunities are rare and require patient, dedicated search – but when you find them, the trajectory changes completely.
And the best part? We are just getting started.
Invest Europe, in partnership with Gide Loyrette Nouel, has just published its latest report on the state of private equity across Central and Eastern Europe in 2025 - and it's worth to read it.
Think First Capital I becomes the first Macedonian private equity platform operating through a regulated Polish ASI structure, registered with the KNF as NOVARIS ASI.
Think First Capital One joined the 30th Konferencja WallStreet in Karpacz — Poland's largest gathering for individual investors — for three days of conversations across the industry.

