The Superfund (Growthfund) is entering a new era, adopting the name National Development Fund (Hellenic Growth Fund), as announced by the Minister of National Economy and Finance, Kyriakos Pierrakakis, during the Growth Fund Investor Summit 2026.
The renaming marks a substantial shift in mission and strategic direction, with a focus on growth. With a portfolio valued at approximately 12.3 billion euros across eleven critical sectors of the economy, the National Development Fund is evolving into a modern national development and investment organization, creating lasting economic and social value for the country.
The Hellenic Growth Fund, which previously managed public enterprises and its holdings, is evolving into an active shareholder, systematically contributing to the transformation, modernization, and value creation of the companies in its portfolio.
By attracting strategic investors to the assets it manages, it is evolving into an active investor. Through its four thematic funds—HIIF, Phaistos, ELKAK, and the Pharos AI Factory accelerator—it strategically invests in the new economy, innovation, and the technologies of the future, actively contributing to the creation of a robust investment ecosystem.
Moving beyond a simple equity stake in critical infrastructure, it now provides strategic consulting to the government and takes proactive steps to develop and upgrade these systems. At the same time, through its accelerator, the Strategic Contracts Unit (PPF), it is strengthening its role in the development of critical national infrastructure by taking on the project development of initiatives worth many billions of euros and further contributing to the country’s growth momentum.
As an institutional interlocutor and trusted local partner, the National Development Fund connects international investors with the country’s real opportunities, serving as a one-stop shop that combines reliability, speed, and a continuous flow of investment opportunities.
The signing of the concession agreement for the Airport Kalamata, as well as the collaboration with the International Congress and Convention Association (ICCA) as part of the Growth Fund Investor Summit 2026, confirm in practice the two key characteristics of the new organization: the delivery of measurable results and a strong outward focus.
The CEO of the National Development Fund, Yannis Papachristou, stated:
“The renaming to National Development Fund is not just about a new identity. It reflects a fundamental change in the role we are called upon to play. From being a mere manager of public assets, the National Development Fund is evolving into an active development and investment organization. Through the professional management of public assets, we are creating sustainable economic and social value for future generations.”
