Government to launch SME fund

The French government is set to launch a new fund to invest in fragile French SMEs. The EUR300m fund will be financed in part by the government via Caisse des depots et consignations (CDC) for between EUR100-150m, while the remainder will be provided by private investors such as AGF and AXA Private Equity. The project was presented to the senate on April 29th by Augustin de Romanet, director of the CDC.

The fund will take minority stakes in fragile companies with high growth potential but which currently lack funding due to the economic climate. The fund will make investments of between EUR150,000-15m per transaction.

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