The European Investment Bank (EIB) Group is providing a €60 million guarantee to asset manager Sienna IM to increase financing for biodiversity in Europe. The support is being provided by the EIF, part of the EIB Group, to cover financing by the Sienna Biodiversity Private Credit Fund[1], a fund devoted to restoring and protecting biodiversity in Europe. The EIF guarantee covers up to 70% of the credit risk of small and medium firms and is being granted under the InvestEU Sustainability Guarantee.