FRANCE - Crédit Agricole Private Equity launches two FCPI innovation funds

Crédit Agricole Private Equity has launched two FCPI innovation funds. The new FCPIs, Crédit Agricole Europe Innovation 2008 and LCL Capital Invest PME, will be offered to Crédit Agricole's high net worth customers in the regional banks and private banks including BGPI and Crédit Foncier de Monaco. Both of the funds plan to take full advantage of the 2007 TEPA act in which French taxpayers can reduce their wealth tax liability by up to 40% by investing in SMEs.