PIRAEUS TANEO is a Venture Capital Mutual Fund (A.K.E.S.) that was formed subject to the provisions of Law 2992/2002, in December 2008. The committed capital is €30 million that can be increased up to €40 million. The investors of the Fund are the New Economy Development Fund (TANEO) and Piraeus Bank, with a 49.99% and 50.01% participation respectively. The Fund's Manager is Piraeus Capital Management S.A., a subsidiary of Piraeus Bank. The Fund will invest in Greek small and medium sized enterprises with good growth prospects, arising from the application of innovative methods and technologies.

PIRAEUS TANEO A.K.E.S.
Closing date	19 December 2008
Total commitment (€)	30,000,000.00
Term	10 years
Investment period	Until 19/12/2013
Fund's domicile	Athens
Legal form	AKES
Structure	Closed End Venture Capital Fund
Management Company	Piraeus Capital Management S.A.
Investment focus by stage	Seed, Early Stage, Expansion-Development.
Investment focus	Greek SMEs with emphasis on those who have the potential to grow rapidly. Also enterprises offering innovative products and services with imminent commercial prospects.
Investment portfolio	Advent Technologies S.A., Electronic Shipping Solutions Ltd., 3rd investment to be announced