New equity investor Corviglia Capital Fund aims for $500m
Corviglia Capital Fund, a fintech growth equity investor, has launched with a target of $500 million in capital commitments.
The fund was established in Luxembourg by Petr Šmída and Cezary Smorszczewski, who each managed financial institutions valued at $10 billion.
The firm is building its presence in London and Berlin, and aims to deploy $250 million in the first three years, which has already been secured in the first closing.
Šmída has spent more than 25 years in global banking and financial services. In 2010, he co-founded ENERN, an Eastern European/DACH venture capital firm with 20 tech companies in its portfolio.
He also worked as a private investor and served as the CEO/chairman of banks and financial services companies around the world, including Alfa Bank and GE Capital.
Smorszczewski has more than 20 years of experience in finance, holding high-level positions at a Polish banks and serving on the supervisory boards of several financial and technology companies.
He is the the co-founder and former deputy CEO of Alior Bank, the first Polish fintech unicorn, and the co-founder and former CEO/managing partner of Private Equity Managers, a firm that specialises in fintech within the CEE/CIS/DACH regions.
Corviglia Capital Fund is a geographically agnostic, long-term investor in late-stage fintech companies that are spearheading innovation and disruption in financial services and banking.
The fund makes minority investments with tickets ranging from $10 million to $50 million.