Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Luxembourg : € 9,000,000
    Germany : € 10,000,000
    Belgium : € 10,000,000
    The Netherlands : € 18,000,000
    EU Countries : € 53,000,000
    Credit lines : € 100,000,000
    Signature date(s)
    19/12/2019 : € 9,000,000
    19/12/2019 : € 10,000,000
    19/12/2019 : € 10,000,000
    19/12/2019 : € 18,000,000
    19/12/2019 : € 53,000,000

    Summary sheet

    Release date
    8 October 2018
    Status
    Reference
    Signed | 19/12/2019
    20180360
    Project name
    Promoter - financial intermediary
    RIVERROCK SENIOR LOAN FUND I
    RIVERROCK GENERAL PARTNER SARL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    not applicable
    Description
    Objectives

    The proposed operation consists in a EFSI participation of up to EUR 100m in RiverRock Senior Loan Fund I, a EUR 1bn target fund investing in diversified senior private debt investments in mid-Caps around Europe.

    The Fund will provide debt financing to mainly mid-caps which, on a stand-alone basis, would be too small to be financed directly by the Bank. The EIB investment intends to contribute to bridge the financing gap arising from the withdrawal of traditional debt providers. It will provide customised debt financing to enterprises ready to pay a premium for tailor-made solutions that will accompany them adequately in their growth plan. An investment in the Fund would not overlap with the support provided to the market by the Bank, directly or indirectly, through one of its existing funding or guarantee programmes. The Fund will undertake investments mainly in the European Union.

    Environmental aspects
    Procurement

    The Fund will be required to develop an environmental and social policy and establish the appropriate management systems to comply with the environmental and social requirements of the Bank. The assessment of the environmental and social impacts and risks will be part of the standard due diligence process that the Fund will have to carry out for each underlying investment, thereby ensuring that the portfolio and these investments comply with national law, EU environmental legislation as well as the EIB Environmental and Social Standards.

    For investments located inside the EU, the Fund will be assessed by EIB as investing only in private companies not being subject to EU rules on public procurement or concessions. However, if after the appraisal the EIB were to conclude that the Fund invests in projects subject to EU public procurement legislation (Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable), then the Bank would require the Fund Manager to take all the requisite measures to ensure that contracts for the implementation of the projects financed by the Fund to be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC), with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    scoreboard - RIVERROCK SENIOR LOAN FUND I
    Publication Date
    8 Feb 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    88519609
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180360
    Last update
    8 Feb 2019
    Sector(s)
    Credit lines
    Countries
    Belgium, Germany, Luxembourg, The Netherlands, EU Countries
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications