Riverland Private Equity Fund (RIVERLAND Magántőkealap), managed by Lead Ventures Alapkezelő Zrt., is a Hungarian private equity fund. Established as part of government-backed crisis capital programs, it received significant investment from the Hungarian Development Bank (MFB), including approximately HUF 50 billion under the Crisis Capital Program.
The fund targets growth and expansion opportunities, with notable holdings in the energy sector, including a substantial stake in ALTEO Energiaszolgáltató Nyrt., a Hungarian energy services provider focused on renewable energy production and trading. It holds approximately 24.6% in ALTEO alongside MOL Group affiliates and Főnix Private Equity Fund. Recently, it agreed to acquire an additional 9.22% stake in ALTEO from Főnix in a share-swap transaction involving MOL.
Other investments include POLSOLAR, a solar energy firm, and Seres Gépipari és Kereskedelmi Kft., a machinery and trading company. The fund's net asset value has grown substantially, reaching around HUF 116 billion by 2023.
