The new National Investment Fund (NIF) will go into full operation in the second half of 2025, according to officials at the 2nd Growthfund Summit of the Superfund at Zappeion Hall on Wednesday, ANA reports.
Speaking at a discussion panel on “Growthfund’s New Investment Fund: Expectations and Perspectives”, Growthfund Deputy CEO Stefanos Giourelis presented the road map for the NIF, when he provided the timeframe of its full operation. As he said, the Fund’s creation during the last three years as an independent subsidiary of the Growth Fund was one of the most ambitious and strategic goals, ahead of the new Fund’s transformation into Greece’s Sovereign Wealth Fund.
During the discussion, Giourelis said the NIF would be an independent organization with contemporary management, highly specialized administration, and high-level investment capabilities. “Its goal is not to just develop existing capital worth 300 million euros, but to attract foreign investments as well and to create a significant economic value for Greece, and, long term, for citizens.”
Its planning in collaboration with Black Rock is at the final stage, the Growthfund official stressed, ensuring that the best practices will be adopted to guarantee transparency, independence, and effective decisions.
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