About the EIF
The European Investment Fund (“EIF”) is EIB Group's specialist provider of small (including micro) and medium-sized enterprises (SMEs) risk finance across Europe, i.e. its central mission is to support entrepreneurship and innovation by improving SMEs’ access to finance. EIF is majority-owned by the European Investment Bank (EIB) (62.1%), with the European Commission (30%) and a wide range of public and private banks and financial institutions from EU, Turkey and Croatia (7,9%) also being its shareholders.
EIF primarily designs and develops venture capital and guarantees instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.
Finance is not provided to SMEs directly - EIF’s counterparts include a wide range of financial institutions, banks and venture capital funds involved in SME funding.
The EIF total net commitments to private equity funds amounted to over EUR 6.5bn at end 2012. With investments in over 400 funds, the EIF is a leading player in European venture due to the scale and the scope of its investments, especially in high-tech and early-stage segments. The EIF guarantees loan portfolio totalled over EUR 8bn in close to 250 operations at end 2012, positioning it as a major European SME guarantees actor and a leading micro-finance guarantor.
In Europe, to date, the EIF has signed 8 national and 7 regional Holding Fund agreements.
More information about EIF can be found at www.eif.org.