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Our Mission

Create a better financial future for entrepreneurs who have great potential.

Our Vision

Serve the markets that do not receive sufficient attention from local capital markets. Provide them with structural financial tools and knowledge so that their companies not only grow and develop but also become dominant in their segment.

Our Story

In 2013 Eurasia Foundation provided seed capital to launch an independent fund manager, Gazelle Finance led by Jeffrey Liebert, with the objective to provide growth capital and mezzanine financing to high-growth small and medium enterprises (SME) – “gazelles” – in the Eurasia region.

The term “gazelle” is defined as a business in which revenues are growing at or poised to grow at 20% per annum for e period of at least four years.

In 2017 Gazelle Finance closed its first fund, Gazelle Fund LP (the Fund), which is a multi-country investment fund that as of today has $31M in total capital commitments and a portfolio of about 13 companies located in Armenia and Georgia with an average investment amount of about $800K.

About Us

Gazelle Finance is an international investment fund (represented in Armenia as Gazelle Finance UCO LLC) that started its Armenian activity on July 20, 2018, licensed by the Central Bank of Armenia (license of the Central Bank of Armenia N47). Its investment Fund is funded by reputable international institutional investors from the EU and the USA – DFC, FMO, DGGF, and Partnership Fund.
The headquarter of Gazelle Finance is located in Georgia.

Gazelle Finance Service Type

Gazelle Finance, which provides credit only to legal entities, entered the Armenian market in a new format and purpose. It provides a loan between $200,000 – $1 million for the rapid growth of medium and large businesses on flexible collateral requirements

Gazelle Finance is the first company in the market that offers income participation loans.

It speaks not only about a credit organization but also about a partner that shares all the risks and incomes with the borrower as well as equally works on the business plan.

Gazelle Finance provides an advantage more: it provides the partners with technical assistance. This is financial support rather than the loan that aims at business growth and management optimization.

Freedom of Information programs include, but are not limited to, the following examples:

  • Implementation of the company’s resource management programs
  • Integration of accounting systems, CRM and other programs
  • Development of marketing plan
  • Website and application development


It should be noted that in 2019, Gazelle Finance has provided business loans of $2,000,000.

The partners are:

  • “Renatus” LLC, which provides trading services
  • “iPlast” LLC that produces medical supplies
  • “GNGK Grup”, that deals with import and sale of spare parts for motor vehicles in Armenia
  • “Sahlevs” LLC, that is engaged in the production of lighters

Chief Executive Officer

Tigran Hovhannisyan is the chief executive officer of the Gazelle Finance Armenian office. He has extensive experience in finance, banking, and risk management. Mr. Hovhannisyan was a founding member of the first investment banking group in Armenia – Cascade Capital Holdings and the founding head of Cascade Credit UCO. He then worked in equity and debt research with some of the top investment and commercial banks in Russia, including Troika Dialog, Uralsib Capital, Bank of Moscow, and VTB.

He joined Gazelle Finance Armenia in 2020 and successfully runs the company till these days.

Our Principles

Help the Lucky Ones

We identify gaps and obstacles in the capital markets and provide solutions aimed at achieving financial growth of capital to help smart, capable and responsible entrepreneurs who have strong and successful businesses but meet financial challenges.

Contribute to Entrepreneurship

We provide entrepreneurs with capital and experience they need to register economic growth and develop their businesses.

Share Interests

We build long-term cooperations with partners, bringing our investment interests in line with their expectations and focus on growing their business for mutual benefit.

Build Successful Investments

We believe that a successful contribution requires active and constant participation of our specialists in the entire process of business growth.

Enlarge the Community

We believe that good jobs and career paths are the basis of favorable business communities. When we finance and deliver knowledge to our partners, we support them on creating high-quality jobs and enter a new stage of supply.

Deliver Returns

We focus on the necessity to provide a return of income for our investors. We believe that, thanks to targeted and smart investments in promising enterprises, their return is inevitable.

Contact Us

In case of questions related to investments, you can visit our head office:

Address: Teryan Str., 105/1 building (“Citadel” business center), 5th floor, Yerevan

Phone: +374-12-883880


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