Growthfund (officially: Hellenic Corporation of Assets and Participations S.A. (HCAP)) is a holding company founded in 2016 with the Greek government as its sole shareholder, represented by the Minister of Economy and Finance. As Greece's sovereign wealth fund, its mission is to actively contribute to the modernization of state-owned enterprises, maximize the value of public assets, ensure the provision of improved services to citizens and consumers, and contribute to the support of the Greek economy.[1][2][3]
In July 2025, assets under management (AUM) are estimated at $12 billion.[4]
History
Founded in 2011, the Hellenic Republic Asset Development Fund (HRADF)[1] is, so to speak, the predecessor and, in part, still the namesake of the Growth Fund, which was founded in 2016.