European Investment Fund (Spain)
29 Calle José Ortega y Gaset28006 Madrid , Madrid
European Investment Fund Luxembourg
Also known as:
European Union agency, headquartered in Luxembourg, for the provision of finance to small and medium-sized enterprises.
EIF is EIB Group's specialist provider of small and medium-sized enterprises (SME) risk finance across Europe. EIF is owned by the European Investment Bank (EIB), with which EIF forms the EIB Group, the European Commission and a wide range of public and private banks and financial institutions. EIF has a unique shareholding structure as a public-private partnership and benefits from the Multilateral Development Bank status, which enables financial institutions to apply a 0% risk-weighting to assets it guarantees. Typically, it guarantees certain tranches of notes (senior and/or mezzanine tranches) issued through a SME securitisation transaction. EIF does not provide finance to SMEs directly but its clients include a wide range of financial institutions, banks and venture capital funds involved in SMEs funding.