The Polish Development Fund Corporate Group is a group of financial and advisory companies that works for businesses, local governments and private individuals and invests in the nation’s sustainable social and business development.
The PFR Corporate Group’s priorities are infrastructural investments, innovations, entrepreneurial development, exports and foreign expansion of Polish businesses, supporting local governments, running the Employee Capital Plan program and handling foreign investments.
Apart from PFR S.A. acting as the parent company and strategic center, the PFR Corporate Group also includes:
- PFR TFI – a company focused on incepting and managing closed-end investment funds oriented towards alternative assets (e.g. real estate, infrastructure projects, PE or VC) as well as managing a part of the assets of the PPK program;
- PFR Ventures – the largest fund of funds (FoF) in the CEE region offering repayable financing to innovative SMEs through selected financial intermediaries such as venture capital funds or business angels;
- PFR Nieruchomości – the real estate arm of the Group which aims to improve the potential of the national housing market by implementing investments of significant importance to local communities;
- PFR Portal PPK – a company dedicated to supervising the Employee Capital Plans (PPK), which is a common and voluntary long-term saving system for employees in Poland, developed and co-financed by employers and the state;
- PFR Operacje – the shared services centre for the PFR Corporate Group;
- PPP Venture – a company formed to design, rebuild, finance and maintain student houses at ul. Badurskiego in Cracow under a public-private partnership.
In addition, PFR is committed to accelerating the digitization of the Polish economy through Operator Chmury Krajowej (National Cloud Operator). During the first several months of its operation, the company concluded two strategic agreements: with Google (August 2019) and Microsoft (May 2020), under which data centres of both global cloud service providers will be built in Poland. The 50% stake in the company is held by PKO Bank Polski. Through Polska Agencja Ratingowa (Polish Rating Agency), PFR fulfills its goals in the area of capital market development in Poland. The other investors in this project are GPW (Warsaw Stock Exchange) and BIK (Credit Information Bureau). Part of the PFR Corporate Group’s ecosystem is also the PFR Foundation. Its activities are aimed at carrying out positive changes in the social environment of the Group.
Based on best international practices and operating under one comprehensive strategy, the Polish Development Fund also integrates the offer of other leading Polish development institutions, leading the wider PFR Group. It includes: Bank Gospodarstwa Krajowego (BGK), Industrial Development Agency (ARP), Export Credit Insurance Corporation (KUKE), Polish Investment and Trade Agency (PAIH) and Polish Agency for Enterprise Development (PARP).