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AG Insurance named among lead investors in second Belgian Growth Fund

Written by Adam Cadle
15/01/2026

AG Insurance has been named among the lead investors in the second Belgian Growth Fund, targeting a total of €350m.

The Belgian Growth Fund is a private equity fund of funds, focusing on supporting Belgian scale-ups.

It aims to bridge the financing gap that Belgian scale-ups encounter between the start-up stage and the growth phase, commonly referred to as the ‘growth gap’.

AG Insurance was one of the founding investors in the inaugural Belgian Growth Fund I in 2019, established by PMV with the support of SFPIM. The initial fund successfully raised over €300m, financed 48 Belgian scale-ups, and delivered a healthy financial return for investors.

In a LinkedIn post, AG Insurance and Ageas Group CIO posted: “AG Insurance and Ageas Group – supporter of the Belgian economy.”


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