Gazelle Finance

Gazelle Finance concentrates on Eastern Europe and the Caucasus, with known activity in Georgia, Armenia, Ukraine, and Moldova. The firm works within markets where access to growth capital for small and medium enterprises remains constrained relative to Western European peers. This geographic footprint reflects the limited-partner base of development finance institutions that have historically backed the strategy.

The firm writes equity and quasi-equity checks generally in the $500,000 to $5 million range, targeting the gap between microfinance and larger institutional private equity. This positions Gazelle Finance as a provider of expansion capital for mature SMEs that have outgrown seed-stage funding but fall below the minimum ticket size of regionally active large-cap funds.

Gazelle Finance has raised capital from development finance institutions, which anchor the fund's LP base. These commitments align the firm's mandate with developmental impact objectives in the Caucasus and Eastern Europe. The specific identity of each LP and the total fund size are not publicly disclosed.

No. Gazelle Finance is structured as a private equity asset manager, not a family office. It manages third-party capital through a fund structure and does not represent a single source of family wealth.

The firm invests across financial services, agribusiness, light manufacturing, and business services. These sectors represent the core of the formal SME economy in its target geographies of Georgia, Armenia, Ukraine, and Moldova.