Invest in Georgia with Iberia Co-Investment Fund (ICF)

Unlocking Georgian market to the world

Pioneering high-return opportunities in real estate, import & distribution, retail, and manufacturing—supported by 31+ years of local expertise and $200+ million in assets under management.

Explore Our Portfolio

Why Georgia?

Key Highlights

Leading diversified co-investment fund

Iberia Co-Investment Fund (ICF) is a fund dedicated to unlocking Georgia’s dynamic market potential. Our diversified investments span real estate development, FMCG import & distribution, retail chains, and manufacturing—providing local and international investors with robust, high-return opportunities.

$200+ mln

of Assets Under Management

Industry Sectors

31+ Years

of Market Expertise

7,000+

Retail & Wholesale Outlets Supplied

Our Portfolio

Ongoing & Completed Investment Projects

At ICF, we believe in curating a diversified portfolio to maximize resilience and returns. Our investments are grouped by sector, and each project is anchored in clear financial metrics, strategic partnerships, and robust execution capabilities.

Import & Distribution

Tbilisi Holding Company (THC)

THC is one of Georgia’s largest FMCG import and distribution firms, operating 5 distribution centers with over 4,000 m² storage capacity and a fleet of 90+ vehicles. Supplying more than 7,000 retail outlets nationwide.

Commercial Real Estate Leasing

Area LLC

Our commercial real estate portfolio includes 2 commercial buildings in the shopping mall Karvasla and 15 retail units throughout Tbilisi.

Supermarket Chain

Schirnhofer

Schirnhofer offers premium Austrian delicacies across multiple Tbilisi stores, featuring high-quality sausages, cheeses, and fresh bakery items. Plans to expand beyond the capital are underway.

Food Manufacturing & Processing

Yamuna Factory

Yamuna Factory produces and packages snacks for local and export markets (Azerbaijan and Armenia) under the Yamuna-Georgia brand. Partnering with Ukrainian firms, it aims to expand product lines and international distribution.

Real Estate Development

Arte Development

Arte Development manages multiple Tbilisi projects with over 2,100 apartments. Expect high IRRs through in-house construction and strong Bank of Georgia ties. Key projects include Kerchi Street, Gldani, and Lisi Lake.

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Interesting Facts

Why Invest in Georgia?

#7

in Ease of Doing Business Rank

According to

#8

Most Open Economy for Foreign Direct Investment (FDI)

According to

#3

Least Tax Burdened Country in the World

According to

#21

Dealing with construction permits

According to

2.3 bln

Georgia has free trade agreements with the European Union, China, Turkey, Ukraine, EFTA and CIS countries, gaining tariff-free access to markets with a 2.3 billion population, which places Georgia at the center of key global value chains.