Date de publication: 28 mars 2022
Promoteur – Intermédiaire Financier
CLARET CAPITAL PARTNERS LTDLieu
Description
Co-investment facility allowing the EIB to deploy venture debt alongside Claret Capital's Fund III. The facility would focus on EU small and medium-sized enterprises (SMEs).
Additionality and Impact
The project is to co-invest alongside Harbert / Claret European Growth Capital Fund III, a venture debt fund managed by Claret Capital that lends to innovative European SMEs.
During the COVID-19 crisis, many SMEs, and in particular innovative smaller companies, experienced challenges in accessing finance. The limited access to finance results from higher information asymmetries, uncertainties regarding the market potential of R&D and innovative processes undertaken by innovative SMEs.
Venture debt is an alternative way of financing compared to traditional bank loans, that is particularly suitable for innovative and high-growth companies. Through co-investments with Claret Capital, the EIB would increase the availability of funding for such SMEs and reach a larger number of companies. Ultimately, by supporting smaller investments in innovative high technology sectors, the operation would contribute towards increasing the competitiveness of the European economy, supporting digitalization and increasing economic resilience. The EIB would also send a positive signal to private investors and thus incentivize further financing.
Objectifs
Co-investment facility allowing the EIB to deploy venture debt alongside Harbert / Claret European Growth Capital Fund III. The facility focuses on EU start-ups and growth companies.
Commentaires
Final beneficiaries would be requested to comply with applicable national and EU legislation, as appropriate.
Secteur(s)
- Services - Activités financières et d'assurance
Montant BEI envisagé (montant approximatif)
EUR 35 million
Coût total (montant approximatif)
EUR 69 million
Aspects environnementaux
The operation concerns a potential co-investment facility with Harbert / Claret European Growth Capital Fund III. Claret Capital is a fund manager specialised in venture debt lending to European start-ups and growth companies. The EIB would commit capital from the European Guarantee Fund (EGF) to invest in selected venture debt loans originated, structured and managed by Claret Capital. The target companies would be European SMEs affected by COVID-19.
Passation des marchés
The facility's operational guidelines would provide for due diligence of environmental and social aspects for all projects to be invested into by the EIB, according to guidelines acceptable to the EIB.
Statut
Signé - 27/01/2022
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).