FCPI and FIP funds receive increased backing

The TEPA act of 2007 seems to have been a catalyst in the increase of public investment in the FIP and FCPI fund's 2008 vintage. A total of 87 funds were raised (46 FIP and 41 FCPI) with an estimated 145,000 subscribers providing EUR1.13bn in total. According to the AFIC, the value is a 22% increase on the EUR928m raised the previous year. The funds will be managed by 33 investment houses. As per the legal requirement, investors will inject over EUR680m of the funds into innovative SMEs.

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