Managed by the European Investment Fund (EIF), the Recovery Equity Fund finances funds that invest in small and medium enterprises, mid-cap companies and renewable energy projects. 

The Committee approved allocation for the Altamira I fund, a generalist strategy fund dedicated to growth-stage companies. It is the first fund with institutional investors managed by a Romanian investor, intending to invest primarily in Romania and Poland. The Committee also approved contribution for Ceecat Capital III, which continues the previous fund's strategy through venture capital investments in SMEs and mid-cap enterprises from Romania and the extended region.

"Through these new allocations we strengthen Romania's role as a regional hub for investments in innovation, technology and green energy. The funds approved today will directly contribute to economic modernisation, supporting companies in full development and projects with long-term strategic impact," said Alina Gârbea, State Secretary in MIPE, who coordinates the General Directorate for Digitalisation, Regional Development and Innovation.

The Committee also approved participation in the Taaleri Solarwind III fund, which will invest for the first time in Romania, targeting renewable energy infrastructure projects including photovoltaic, onshore wind energy and storage solutions. Contributions were also approved for Eleven IV and Launchub III funds, both oriented towards investments in technology start-ups, with Romania among the main target markets. These approvals represent an important step in implementing the venture capital initiative within the recovery plan. The Committee has now approved 18 allocations worth €337.5 million total, with funds already investing approximately €120 million in around 20 Romanian companies.