The beneficiary owner of the Co-Investment Fund is Bidzina Ivanishvili's spouse, Ekaterine Khvedelidze, - according to the financial report published by "Galleria Holding", one of the largest companies included in the "Co-Investment Fund".
Co-Investment Fund was founded by Bidzina Ivanishvili in 2013. The fund owns and manages assets in real estate management, agriculture, manufacturing, tourism and other sectors. In addition, the fund is also involved in the development of energy projects. However, in July 2024 it became known that the fund sold its project "Mtkvari HPP", but the transaction's value is unknown.
According to the co-investment fund's website, the fund's current projects are:
Real Estate
Galleria Tbilisi - the total amount of investment is 84 million USD
Axis Towers - the total amount of investment is 154 million USD
Agriculture and Logistics
Georgian Greenhouse Corporation - the total investment volume is 29 million USD
Georgian Agro House - the total amount of investment is 780,000 USD
Geoagro - the total amount of investment is 17 million USD
Production
Heidelberg Cement - the total amount of investment is 100 million USD
"Co-Investment Fund" also manages the projects owned by "Tourism Development Fund", on the other hand, Tourism Development Fund is a fund owned by "Cartu Fund".
The projects of the Georgian Tourism Development Fund are:
1) Paragraph Shekvetili - $ 130 million;
Status: Completed
2) Paragraph Tbilisi - $161 million;
Status: Completed
3) Paragraph Abastumani - $87 million;
Status: To be completed in 2026
4) Paragraph Tabori - $174 million;
Status: To be completed in 2025
5) Hotel in Sighnaghi - $56 million;
Status: completion date in 2024;
6) Wellness complex on Green Cape - $123 million;
Status: date to be confirmed after project adjustment)
7) Hotel in Ganmukhuri - $60 million;
Status: date to be confirmed after project adjustment)
8) Hotel and conference center in Sololaki - $115 million investment.
