What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund (BIF)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
EAFRD FoF Romania
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
INAF – French National Agricultural Initiative
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)

EFSI Private Credit Programme

Diversified debt funds are an alternative source of flexible, tailor-made debt financing for businesses, including SMEs, in Europe. This market emerged in response to the retrenchment of banks and other traditional lenders after the financial crisis. Today it provides SMEs with a broader choice of financing options, as well as offering investors an asset class that links institutional savings with real economic growth.   

The goal of the EFSI Private Credit Programme is to:

  • Channel private institutional investment into diversified debt funds
  • Increase the volume and diversity of alternative debt financing available to European SMEs and small mid-caps
  • Support market-based, tailor-made funding solutions
  • Contribute to the development of a Capital Markets Union by supporting pan-European investment activity

The programme is a continuation, and expansion, of the EIF’s existing support of diversified debt funds. So far, the EIF has committed around EUR 550m to 12 diversified debt funds, expected to mobilise over EUR 5bn debt financing for the benefit of approximately 1800 SMEs and small mid-caps.

What does the EFSI Private Credit Programme provide?

The EIF makes an equity investment in eligible diversified debt funds selected after a detailed due diligence and negotiation process. In some circumstances, the EIF may also provide bilateral, unfunded credit protection to investors, further encouraging support to this nascent asset class.

Who is eligible for participation in the EFSI Private Credit Programme?

The EIF aims to select diversified debt funds (financial intermediaries) managed by both established and new private fund managers. Eligible diversified debt funds shall apply a portfolio approach, investing in a relatively high number of predominantly senior financing facilities to be extended to SMEs and small mid-caps in the EU. In turn, the selected funds will offer institutional investors an attractive alternative fixed income product, with an adequate risk profile benefiting from broad portfolio diversification.

For complete eligibility criteria, please see the application documents below.

Financial intermediaries - How to apply

Are you interested in becoming a financial intermediary under the EFSI Private Credit Programme?
Apply by downloading and submitting your application documents by 30 September 2020 (date of reception by the EIF). The EIF will assess applications for pre-selection based on the Expressions of Interest, and on a ‘first come, first served’ basis. 

  • Call for Expression of Interest PDF
  • Annex I – Expression of Interest DOC PDF
  • Annex II – Investment Guidelines PDF
The EIF selects financial intermediaries according to a standard process involving due diligence and proof of compliance with relevant standards and legislation. For further questions, please contact: efsiprivatecredit@eif.org.
 

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