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Croatia's financial authority licenses asset management co Feelsgood Capital Partners

Author Iskra Pavlova
Croatia's financial authority licenses asset management co Feelsgood Capital Partners Dinko Novoselec, Photo: Drazen Lapic/Lider

ZAGREB (Croatia), August 14 (SeeNews) - The Croatian Financial Services Supervisory Agency (HANFA) said it has issued an operating permit to Zagreb-based alternative asset management company Feelsgood Capital Partners.

The permit was issued on August 1, HANFA said in a statement earlier this month.

It also issued permits to local individuals Petar-Pierre Matek (former president of HANFA's board) and Srdja Ivekovic to run the company in the next five years.

HANFA said that the permit was issued upon a request filed by the company's founders Renata Brkic, Dinko Novoselec, Sdrja Ivekovic and Petar-Pierre Matek.

In July, businessman Dinko Novoselec told local weekly magazine Lider that he and his partners are setting up a venture capital fund for Croatia and Slovenia with a target amount of 30 million euro ($33.5 million).

Novoselec said back then that the new fund, Feelsgood Social Impact Venture Fund, has already received a 15 million euro capital injection from the European Investment Fund (EIF), adding the fund is expected to launch operations at the end of this year or the beginning of 2020. Its target will be to invest in newly established companies and in those at an early stage of their operations, with each investment ranging from one to two million euro.

Novoselec headed Croatia's largest pension insurance fund AZ for 15 years before leaving the position in April 2017.

AZ pension funds managed by Allianz ZB, a company owned by Allianz Zagreb and Zagrebacka Banka, have been among the largest institutional investors in Croatia.

($=0.895305 euro)