The new division named Cascade Capital aims to address entrepreneurs' need for funding, which has become harder to obtain recently.
"We are traversing a period when access to credit is becoming increasingly difficult, limited, and expensive. We launched this line of business with the aim of identifying and supporting entrepreneurs in real estate, but we quickly arrived at the conclusion that we could use our experience to support players in other industries as well," said Cristian Stroe, director of the newly formed division.
Cascade Capital is looking to partner with reputable companies which require an injection of capital to develop their projects amid current conditions of limited bank financing, as per the statement.
Cascade has so far invested more than 500 million euro in Romania's real estate and capital markets. Cascade Group, which is managing an asset portfolio worth more than 60 million euro, comprises divisions Cascade Property, Cascade Capital Markets, and newly established Cascade Capital.
