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On 9 April, 2019, the European Investment Fund (www.eif.org) held a meeting with Korean institutional investors who are interested in investing in European Venture Capital and Private Equity, which took place in the EU Delegation to the Republic of Korea in Seoul, Korea.
Given that Korean investors are looking at Europe as an ideal geography to expand their exposure within their alternative investment portfolios, the meeting served as a good platform that the EIF could present itself as the gateway to Europe for these investors.
The EIF is a specialist provider of risk finance to benefit small and medium-sized enterprises (SME) across Europe. The EIF is part of the European Investment Bank (EIB) Group. Its shareholders are the European Investment Bank (EIB), the European Union, represented by the European Commission, and a wide range of public and private banks and financial institutions. The EIF carries out its activities using either its own resources or those provided by the European Investment Bank, the European Commission, by EU Member States or other third parties. By developing and offering targeted financial products to its intermediaries, such as banks, guarantee and leasing companies, micro-credit providers and private equity funds, the EIF enhance SMEs access to finance. The EIF aims to foster EU objectives, notably in the field of entrepreneurship, growth, innovation, research and development, employment and regional development; and to generate an appropriate return for its shareholders, through a commercial pricing policy and a balance of fee and risk based income.
During the meeting on 9 April, Mr Marco Natoli, head of the Division in the EIF’s Equity Investment Department, provided an in-depth overview of the European Growth Capital segment to Korea Institutional Investors. Mr. Natoli underlined that European Growth Capital has matured over the past decade, with the emergence of several established teams with proven track records, and is now delivering strong returns for institutional investors.