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)
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
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)
Croatian Growth Investment Programme (CROGIP)

Dutch Growth Co-Investment Programme

Netherlands Investment Agency (NIA)

The Dutch Growth Co-Investment Programme is a EUR 100 million equity co-investment scheme developed by EIF and the Netherlands Investment Agency (NIA) and managed by EIF, to be invested alongside private investors with the objective to catalyse at least another EUR 100 million of growth capital to target companies. It is a joint initiative by EIF and the the predecessor of Invest-NL, NIA, which contribute a financial allocation of EUR 50 million each. The Dutch Growth Co-Investment Programme was launched on 27 September 2017.

The objective of the Dutch Growth Co-Investment Programme is to support innovative Dutch enterprises, by providing co-investment funding alongside equity investment funds and private investors on market terms and conditions. It will focus mainly on SMEs and small midcaps with a strong growth profile, and is targeting the "second equity gap” that companies face when they move beyond the start-up stage and into the growth phase of their lifecycles.

EIF is currently managing and deploying already two other programmes on behalf of the Dutch Ministry of Economic Affairs: the Dutch Venture Initiatives and the Business Angels co-investment programme EAF Netherlands. The Dutch Growth Co-Investment Programme will be the third initiative undertaken by the EIF and the Dutch Ministry of Economic Affairs, through the NIA, which illustrates the strong partnership and mutual commitment to provide further support to SMEs and smallcaps in the Netherlands. It is also one of the first financing programmes launched by EIF under the EIF-NPI Equity Platform and the Investment Plan for Europe in cooperation with EU National Promotional Institutions. The NIA became an aligned member of the EIF-NPI Equity Platform’s General Forum in September 2016.

How does the Dutch Growth Co-Investment Programme work?

How does the Dutch Growth Co-Investment Programme work?

EIF will manage and deploy the Dutch Growth Co-Investment Programme through co-investments into companies alongside investment funds in EIF's portfolio, a list of which can be found here.

The co-investment can be made both into new and existing portfolio companies of such investment funds.

The co-investment capital will be provided through a co-investment vehicle, which is set up and managed by the fund manager. The fund manager will invest in the target company from the co-investment vehicle alongside an investment from the main investment fund. The size of investment will be assessed in each case.

Interested fund managers should submit to EIF a co-investment proposal targeting an identified target company through their existing EIF relationships or contact EIF for further information. Should the investment proposal meet the criteria listed below, EIF will conduct an initial screening to determine eligibility before proceeding.

Are you a fund manager interested in partnering with us under the Dutch Growth Co-Investment Programme?

EIF, as manager of the co-investment scheme, will provide co-investment capital to selected fund managers who:

  • have an established relationship with EIF;
  • have a positive track record;
  • are proposing a co-investment in a new or existing portfolio company of their investment fund, in which EIF is an existing investor.

What are pre-defined eligibility criteria for the target companies?

The target company must:

  • be an existing or new portfolio company of the fund manager’s investment fund in which EIF is an existing investor;
  • be an SME (EC definition) or small midcap;
  • be established or operating in the Netherlands; and
  • demonstrate strong growth potential.

The financing provided to the company must be for the purpose of supporting growth, expansion or acquisition financing, provided in any case that a majority of the financing is in the form of a capital increase.

Additional criteria may apply, and will be provided by EIF upon review of the co-investment proposal.


Copyright ©

 European Investment Fund 2019 – The European Investment Fund is not responsible for the content of external internet sites.