About Us

Black Sea Fund’s mission is to support daring Romanian entrepreneurs in building the next generation of national and regional “champions”

  • Black Sea Investment Advisors (BSIA) was founded on the back of BAC, an entrepreneurial, partner-owned investment banking firm with over 20 years track-record in South-East Europe and more than EUR 4bn M&A, ECM and financing transactions completed since inception across the region (of which, over EUR 400mn involved leading Romanian corporate names); BAC was named “Best Boutique Investment Bank” in CEE in 2016 by “Global Finance”
  • Black Sea Fund I (the Fund or BSF I), the first private equity fund advised by BSIA, has raised EUR 43mn to invest in Romanian small and mid-size enterprises and aims to provide expansion capital to high-growth companies across a wide range of sectors such as manufacturing, business services, healthcare, information technology;
  • The four senior members of the BSIA team co-own the investment manager of the Fund and have committed to invest 2.5% of Fund’s capital to ensure alignment of interest with Fund’s investors and its portfolio companies;