What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
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
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
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
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan 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
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded 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
Prêt Participatif Grand Est
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
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)
EAFRD FoF Greece

Launch of Banque Wormser Frères’ venture loan fund

  •  
    Date: 17 November 2021

The venture loan is a non-dilutive form of financing that enables innovative companies to maintain their high growth levels. Wormser Frères Banque pioneered the venture loan concept on the French market and has already financed nearly 20 businesses. The creation of the venture loan fund is the next step in the development of this activity.

The fund, which has a term of six years, is about to reach its maximum target of €20 million. It will support between 15 and 20 companies. As a sign of its confidence, Banque Wormser Frères has joined forces with its clients and topped up the fund by almost half. The fund's portfolio of companies already includes getquanty, axonaut and epresspack, and other investments are already underway. 

For investors, this is an opportunity to invest in a fund aligned with the bank, to diversify their holdings by investing in an unlisted portfolio, and to support and follow innovative and dynamic entrepreneurs. This investment provides an attractive yield, controlled risk and a quick return of funds. 

“Our fund has been an immediate success and we are about to reach our target of €20 million. This enthusiasm shows the desire of many investors to diversify with this new asset class and to their choices meaning by directly supporting the projects of entrepreneurs involved. We are delighted that this fund confirms the value of the venture loan concept that we imported to France six years ago to both entrepreneurs and investors,” said CEO Marc Wormser.

“We are delighted and proud to support Banque Wormser Frères and to help them develop venture loans in France. This instrument will provide the managers of beneficiary companies with non-dilutive financing enabling them to keep control of their strategy while offering financial visibility so they can put all their efforts into the operational development of their business,” added EIF Chief Executive Alain Godard.

Background information:

Banque Wormser Frères

Banque Wormser Frères, founded in 1936, is one of the only banks in France that is still independent, privately owned and managed by its founders. It advises entrepreneurs, real estate professionals and families, offering them effective solutions for private or professional financing and investment in listed, unlisted and real estate assets. Its family character means it can maintain the values established by its founders: ethics, transparency, proximity, responsiveness and flexibility. It is still among the first financial institutions to adapt and take on many new developments in the banking business. Putting innovation to work for its clients has been the core of its business for four generations.

EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its main goal is to support microenterprises and SMEs by helping them to access financing. The EIF designs and deploys venture capital, growth capital, guarantee and microfinance instruments specifically targeted at this market segment. Its activities foster EU objectives promoting innovation, research and development, entrepreneurship, growth and job creation.

Website: www.eib.org / www.eif.org

Press contact:

EIF: Christophe Alix, c.alix @eib.org, tel.: +352 4379 84303, mobile: +33 6 11 81 30 99

Website: www.eif.org – Press Office: +352 4379 21000 – press@eib.org – Follow us on Twitter

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.