Elikonos Capital has announced the successful final close of its third investment fund, Elikonos 3 S.C.A. SICAV-RAIF, with total capital commitments of €224m.
The close, one year after the first close in October 2025 at €175m, confirms the investment community’s confidence in Elikonos Capital’s strategy and experience, as well as in the growth prospects of Greek businesses.
Leading domestic and international institutional investors have invested in Elikonos 3, including the Hellenic Development Bank of Investments (HDBI), the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB), as well as Greek banks, pension funds and private investors from Greece and abroad.
As the relevant announcement notes, Elikonos 3 is a private equity fund that targets investments in Greek small and medium-sized enterprises and mid-cap companies operating in dynamic sectors of the economy, supporting the growth and international expansion of its portfolio companies.
Elikonos Capital’s investment approach combines the provision of capital with strategic guidance and operational expertise. Working closely with the entrepreneurs and management teams of its portfolio companies, it supports the implementation of investment plans, the expansion of production capacity, the development of new products and entry into international markets, with the aim of creating long-term value.
The Elikonos 3 investment team is led by Takis Solomos, Pantelis Papageorgiou and Dimitris Vidakis, professionals with many years of experience and recognised standing in the investment sector. They combine strategic thinking with deep knowledge of the Greek market, offering solutions that deliver real value to businesses today.
Elikonos 3 has already made six investments, in Mytilos, Ribco, Vamvalis Foods, AKRITAS, To Manna – Tsatsaronakis and Vezyroglou, with total invested capital of about €60m. The investments span dynamic sectors of the Greek economy, including agrifood, food manufacturing and building materials, reflecting the Fund’s strategy of supporting productive businesses with an international outlook across Greece.
Pantelis Papageorgiou, Partner and co-founder of Elikonos Capital, said:
“The completion of fundraising for Elikonos 3 marks an important milestone for Elikonos Capital. It reflects investors’ confidence in our strategy and in the prospects of Greek businesses.
Greece has dynamic businesses with competitive products and significant growth potential. Our aim is to continue supporting entrepreneurs by providing not only the capital they need, but also the strategic and operational support to help them deliver their growth plans and strengthen their position in domestic and international markets.”
Elikonos 3 is classified under Article 8 of the European Union’s SFDR Regulation and incorporates environmental, social and corporate governance (ESG) criteria into its investment strategy.