Eiffel collects €80m from EIB for impact fund

Eiffel Essential Fund will have a lifespan of around 15 years and is expected to hold a first close on €200m and a final close on €400m.

Eiffel is an asset manager specialising in corporate finance, managing around €1.6bn. It offers private and public companies financing, debt and equity backing. Eiffel is majority owned by its team, alongside investment company Impala.

Investors
Eiffel Essential Fund is strictly reserved for institutional investors, according to a statement.

Investments
Eiffel will back 20 companies operating in the renewable energy, sustainable agriculture and health sectors.

The average investment period will exceed 10 years, as the GP believes that industrial success requires time, especially given the drastic changes experienced by the targeted sectors. Eiffel Essential will take minority stakes.

People
European Investment Bank – Ambroise Fayolle (vice-president).

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