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The Bulgarian American Enterprise Fund was a private U.S. corporation established by the U.S. Congress to promote private enterprises and entrepreneurship in Bulgaria. It provided debt and equity financing to private companies. The Fund has helped and had a major influence on the development of western-style capital markets, created and sponsored the country’s first home mortgage program, the first mortgage bonds and the first special purpose investment vehicles that increase capital formation and provide investment products for the newly-emerging private pension system. The Fund’s bank, the Bulgarian American Credit Bank, is and has been an innovator and a leading financial performer. BAEF assets are to be used to continue and expand upon the Fund’s work to date via a new organisation — the Bulgarian American Freedom Foundation.