What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
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
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
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
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan 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
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded 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
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
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)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
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
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
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)
EAFRD FoF Greece

Dutch Alternative Credit Instrument (DACI)

  •  
    Date: 15 July 2021

Launched through the cooperation of Invest-NL, the Government of the Netherlands, and the EIF, DACI is a fund of funds investing in both selective and diversified debt funds, and thus, providing access to alternative sources of financing for Dutch SMEs.

The initial commitment is up to €200 million, comprising a contribution by Invest-NL and the Ministry of Economic Affairs and Climate Policy of €50 million each (an aggregate of €100 million), which is match-funded on an equal basis with EIF resources.

DACI aims to build a portfolio of up to 10 underlying selective of diversified debt funds with average investment ticket of €10 - 30 million investment per fund. At the final beneficiary level, DACI’s focusses on providing growth financing and working capital to SMEs in the Netherlands.

By working with non-bank financiers, DACI seeks to bring further diversity and to strengthen the resilience of the SME financing landscape in the Netherlands. Especially for smaller loans, non-bank financiers often have an important role in the market.

Based on EIF’s investment experience in this market segment, it is reasonable to assume that DACI, through the crowding-in of additional private investors, will mobilise a total of around €500m of debt financing into SMEs in the Netherlands.

DACI is also a strong complement to existing to other EIF-managed programmes in the Netherlands, including the Dutch Future Fund (DFF), the Dutch Venture Initiative DVI I and DVI II, EAF Netherlands and the Dutch Growth Co-Investment Programme.

Fund managers – how to apply?

DACI is expected to have a strong catalytic effect in the development of the Dutch Private Credit markets. Thus, we are looking for we are looking for qualified and credible partners (selective and diversified debt funds) who meet the following minimum criteria:

  • Your track record should prove adequate experience in the targeted investment area; previous investment successes and failures will be carefully analysed in order to understand the investment capabilities of the team;
  • The fund should be capable to attract further private finance from other investors, which should at least double the amount of investment capital requested from DACI;
  • The fund size should be commercially viable to ensure the team’s stability and the fund’s investment capacity;
  • The legal and tax structure of the fund should be clear and transparent according to best market practices, and should include market-standard terms and conditions;
  • Stakeholders in a fund have aligned interests.

The EIF selects financial intermediaries based on a standard process including several steps of screening and due diligence. Read more here about how to submit your investment proposal to the EIF, or be in touch with your existing EIF relationship manager.

Information for final beneficiaries (SMEs and small mid-caps):

Information on DACI investee funds will be published on the EIF website once the selection and the approval procedures are completed.

In the meantime, you are looking for finance, check EIF's financial intermediaries already active or located in your country.

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.