Established in 1995 Horizonte Slovene Enterprise Fund was the first Venture Capital fund ("the Fund") with Slovenia as the investment target region. With a total committed capital of €8.4 million the Fund invested in 10 portfolio companies. Although small in size the Fund has achieved the following significant aggregate (including all portfolio companies) results:
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in 1999 the Fund through its portfolio companies was the second largest foreign employer in Slovenia (approx. 900 employees)
40% of the Fund was invested in technology based projects
50% of all foreign patents in Slovenia (excluding the two large Slovene pharmaceutical companies) were granted to Horizonte portfolio companies
3 investments achieved a multiple of > 4;
2 investments together returned the entire committed capital of the Fund.