Poland × Western Balkans

Private

Equity

Regional Impact.

Lasting Value.

Transforming the Western Balkans through strategic investments that create lasting impact and exceptional returns

€100M+

TARGET AUM BY 2030

7+

Companies

6

Markets

10M+

target deployment

WHO WE ARE

Bridging Two

Dynamic Regions

Central Europe & Western Balkans

Think First Capital I was established to connect institutional capital from Central Europe with high-growth companies across North Macedonia and the Western Balkans.

Think First Capital I is the private equity investment platform of Think First Capital. NOVARIS ASI is a regulated Polish Alternative Investment Company and one of the capital channels through which eligible investors may participate in selected investment opportunities originated and structured by Think First Capital I.

Our model is built for long-term value creation, governance excellence, and scalable public-market readiness.

  • Regulated Investment Platform
    A Polish-jurisdiction ASI structure providing European regulatory alignment and institutional stability.
  • Cross-Border Capital Bridge
    Connecting Central European capital with high-growth Western Balkan companies ready for structured expansion.
  • Active Strategic Partnership
    Beyond capital – providing governance strengthening, operational guidance, and long-term growth alignment.

WHO WE ARE

Bridging Two

Dynamic Markets

TF Capital stands at the intersection of Polish financial expertise and Western Balkans’ untapped potential. We’re not just investors – we’re builders of sustainable economic bridges.

Our unique position allows us to channel sophisticated Polish capital markets knowledge into one of Europe’s fastest-growing regions, creating opportunities that drive real transformation.

  • Regional Expertise
    Deep local knowledge across 6 markets
  • Proven Track Record
    €500M+ successfully deployed
  • Impact Focus
    2,000+ jobs created and growing

OUR APPROACH

Built on

Institutional Foundations

Our investment philosophy combines rigorous analysis with entrepreneurial agility to create exceptional outcomes

Polish ASI Structure

Regulated investment vehicle aligned with EU standards and institutional governance frameworks.

Activist Investment Model

Active involvement in governance, operational optimization, and strategic expansion.

Pre-Secured Growth Pipeline

€10M in pre-negotiated equity options across selected portfolio companies.

IPO-Oriented Strategy

Targeting a public listing within the fund lifecycle.

Disciplined Risk Management

Advanced due diligence, investor screening, governance analysis, KYC/AML compliance, risk controls, and structured reporting standards.

Long-Term Value Creation

A 6-year fund horizon focused on sustainable growth and scalable exits.

Ready to explore how our strategy can work for you?

PORTFOLIO

Selective Portfolio.

Structured Growth.

Our current investment pipeline includes carefully selected high-growth companies across technology, digital infrastructure, health innovation, gaming, advanced manufacturing, and consumer industries.

Technology & Digital Infrastructure

3

Cloud platforms, AI-driven systems, SaaS, gaming, and scalable software solutions with regional and international expansion potential.

Creative Media & Animation

2

Animation studios, intellectual property-driven content, and digital storytelling platforms with scalable regional and international distribution potential.

Healthcare & Applied Sciences

1

Health technology, neuro-health innovation, pharmaceutical services, and scalable medical solutions.

Consumer & Regional Brands

1

Established consumer businesses with structured growth strategies and cross-border expansion capacity.

IMPACT AT SCALE

Real Numbers.

Real Impact.

Every investment creates ripples of economic transformation across communities

€10M

Pre-negotiated Equity Options Secured

Driving growth across the region

7

Selected Portfolio Companies

Building market leaders

110+

Companies Analyzed

Empowering communities

€100M

Target Assets Under Management by 2030

Regional coverage

“

We measure success not just in returns, but in the lasting value we create for businesses, employees, and communities across the Western Balkans.

Think First Capital Team
Warsaw, Poland

For more information

on investing

We partner with visionary founders and management teams who share our commitment to building category-defining companies.

For Investors

Access exclusive opportunities in the Western Balkans’ most promising companies. Join a network of sophisticated investors creating lasting value.

For Companies

Partner with experienced investors who bring more than capital. Accelerate your growth with strategic guidance and market access.