Asset Management
Investment management for Individuals and Institutions.
Karoll Capital Management provides institutional-grade asset management solutions, combining deep
regional expertise with disciplined investment processes and a long-term, sustainable approach.
Our capabilities span mutual funds, discretionary portfolio management, global fund distribution,
structured products, and access to alternative investments, enabling us to serve a
broad range of investment objectives and client needs.
We believe Emerging Europe offers a compelling and often underappreciated investment opportunity.
With its dynamic economies, attractive valuations, and evolving capital markets, the region presents significant
potential for global investors.
Our role is to help clients identify, access, and capture that potential through carefully selected and
professionally managed investment solutions.
Our clients include individual, corporate, and institutional investors, such as pension funds,
insurance companies, universities, endowments, and other long-term asset owners.
Advance Mutual Funds
Karol Capital's "Advance" family of mutual funds represents our flagship investment solutions, actively managed to capture opportunities across global markets. Our experienced team leverages deep regional expertise to identify and capitalize on growth potential in Bulgaria, Serbia, Romania, Hungary, and other emerging European markets.
Since the establishment of Bulgaria's first equity mutual fund, Advance Invest, the investment focus has been directed towards Central and Eastern European (CEE) markets, including Greece, Turkey, Romania, Bulgaria, Poland, Czech Republic, Hungary, and the Baltic Republics, with opportunities for participation in IPO and pre-IPO deals. You can find more details at karollcapital.bg.
Our team specializes in the analysis and management of investments in Central and Eastern Europe, which allows us to identify and capitalize on the most attractive opportunities in the region
Нашата роля е да превърнем
комплексността на финансовите пазари в ясна инвестиционна рамка,
съобразена с вашия живот и цели.
Ако търсите умно управление
на вашите
пари, ние сме насреща!
Daniel Ganev
Chief Executive Officer / Karoll Capital Management
23+ Years
of extensive and successful experience in mutual fund and investment portfolio management
BGN 500M
in assets under management and advisory for private clients, companies, pension funds, foundations, and universities
200+ Global funds
managed by Karol Capital and our global partners
UN PRI
the 6 UN Principles for Responsible Investment, prioritizing society and nature
Investment Focus
We invest across diverse financial instruments and capital markets of Central and Eastern Europe, providing our clients with exposure to high-growth opportunities while maintaining rigorous risk management standards.
CEE Market Expertise
Our deep regional insight and specialization in the dynamic, high-growth markets of Central and Eastern Europe enable us to identify unique investment opportunities and navigate local market complexities.
UN PRI Commitment
We are committed to sustainable investing, following the UN Principles for Responsible Investment (UN PRI) and integrating ESG considerations into our investment processes and decision-making.
Milen Zhelev
Operations Manager, IT SectorAfter a brief review of Karoll Capital as a company offering the services I needed, I found that I could rely on their professionalism, consistency, and expertise built on established traditions in this business. I had no doubt I wanted to work with them.
Discretionary Management Services
For nearly 30 years, Karol Capital Management has provided Trust Asset Management services to its clients.
Our investment process is built upon an individualized strategy, which stems from a thorough analysis of each client's specific needs and expectations, including their risk tolerance, investment horizon, and liquidity requirements.
Our enduring partnerships with clients are a direct result of the lasting relationships we foster, coupled with successful active management and diversification strategies. These are expertly executed by our dedicated team and are further enhanced through collaborations with global leaders like Schroders and Goldman Sachs Asset Management. Our specialists, with their deep expertise in Central and Eastern Europe, combine local market knowledge with the insights and experience gained from these world-renowned partners.
The Trust Asset Management service from Karol Capital Management is more than just an investment strategy; it's a strategic partnership dedicated to building the long-term financial future of our clients.
At Karol, our individualized approach to
Trust Management empowers your
business. We craft strategies reflecting
your unique vision, providing the
expertise and global perspective
to navigate markets and
help you thrive.
Bistra Kotseva
Procuration / Karoll Capital Management
Investment Focus
We invest across diverse financial instruments and capital markets of Central and Eastern Europe, providing our clients with exposure to high-growth opportunities while maintaining rigorous risk management standards.
CEE Market Expertise
Our deep regional insight and specialization in the dynamic, high-growth markets of Central and Eastern Europe enable us to identify unique investment opportunities and navigate local market complexities.
UN PRI Commitment
We are committed to sustainable investing, following the UN Principles for Responsible Investment (UN PRI) and integrating ESG considerations into our investment processes and decision-making.
Natalia Stoyanova-Peron
Program Director at Cortec BulgariaThe two main reasons I chose Karoll Capital as my partner are, first, the time savings they provide, and second, the peace of mind and security I experience with them - a feeling I don't get when I try to invest on my own.
International Fund Representation
Karoll Capital is the exclusive representative in Bulgaria for top global asset managers, offering access to elite international funds and platforms:
Our partnership with Schroders, a global investment management firm with over 200 years of heritage, brings specialized investment expertise and a commitment to delivering long-term value for our clients across global markets.
Through this collaboration, we provide access to sophisticated investment solutions and a meticulous approach to risk management, ensuring our clients benefit from world-class investment strategies. Schroders' research and investment philosophy align perfectly with our commitment to delivering long-term value and sustainable growth for our clients.
As the exclusive representative of Goldman Sachs Asset Management in Bulgaria, we offer unparalleled access to a global leader in investment banking and asset management, with over 150 years of expertise in financial markets, providing world-class investment solutions and strategic opportunities.
This partnership enables us to offer our clients highly sophisticated investment options, benefiting from Goldman Sachs' extensive research, innovative strategies, and deep understanding of global financial markets, empowering our clients to navigate complex markets and achieve their investment goals.
Alternative Investments
Advance Terafund
Advance Terafund is the largest special purpose investment company in Bulgaria by market capitalization and is included in all major Bulgarian Indices. The company creates long-term value for its shareholders and provides opportunities for sustainable development of agricultural producers through land banking and land consolidation.
Learn more on Advance Terafund
Advance Equity
Advance Equity is a private equity investor with a medium- to long-term investment horizon in private (non-public) companies. The company focuses on deploying capital raised from the financial markets into businesses that demonstrate high growth potential and have capable, motivated management teams.
Learn more on Advance Equity