What we do
Equity products
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
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
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
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME 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
Asset Management Umbrella Fund (AMUF)
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
Croatian Growth Investment Programme (CROGIP)
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
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
EAFRD FoF Portugal
EAFRD FoF Romania
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
INAF – French National Agricultural Initiative
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
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
LfA-EIF Facility
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

InvestBG Equity Instrument

  •  
    Date: 20 March 2019 - 31 December 2021

InvestBG banner image

The InvestBG Equity Instrument (“Facility”) is designed to support one of the strategic policy objectives of the Bulgarian Ministry of Economy of fostering investments in sectors that create high value added and increase the overall competitiveness of the economy through the creation and development of high-growth and innovative SMEs by facilitating their access to equity financing.

TThe budgetary resources under the Facility originate from reflows from the JEREMIE initiative supported from the European Regional Development Fund and national co-financing in the 2007-2013 period.

Through the InvestBG Equity Instrument, and acting on behalf and in the ultimate benefit of the Government of Bulgaria, EIF will:

  1. Provide capital commitments to selected venture capital and private equity funds that include Bulgaria as part of their geographic focus (Primary Fund Window) – total budgetary allocation of EUR 50m.
    When making a commitment under the Primary Fund Window, EIF shall in addition co-invest alongside the Facility with other resources under its management. Such co-investment will represent an amount equal to at least 50% (with a target of 100%) of the amount committed from the Facility. In order to be eligible under the Facility, applicants shall commit to invest in Eligible Final Recipients at least 1.5x (with a target of 2x) the amount of the relevant Facility commitment drawn down for the purpose of investments.
  2. Co-invest, on a deal-by-deal basis, alongside selected venture capital and private equity funds investing in Bulgaria (Co-Investing Window) – total budgetary allocation of EUR 10m.
    When making an investment under the Co-Investing Window, EIF will not have to co-invest alongside the Facility from other resources under its management. The matching of the resources invested under the Co-Investing Window will be effectively provided by the VC and PE funds and/or other private investors which participate in the respective co-investment round, provided that EIF (taking together resources from the Facility and potentially any other resources under its management) will not participate in more than 50% of a co-investment round.

How to apply

Apply by downloading and submitting the relevant application documents by 31 December 2021. EIF will select intermediaries after a full assessment and due diligence process following its standard procedures. For more information about the eligibility and exclusion criteria for financial intermediaries please refer to the documents below:

 

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


 
 

Copyright ©

 European Investment Fund 2019 – The European Investment Fund is not responsible for the content of external internet sites.