France-based Bpifrance launches Bpifrance Entreprises Avenir 1 fund: Know more
Summary
Paris-based Bpifrance, a company that provides financial solutions, announced that it is extending its range of investment solutions for individual investors with “Bpifrance Entreprises Avenir 1” (BEA1) and lowering the entry ticket to €1,000. Non-professional investors can now participate alongside the bank and under the same terms by acquiring stock holdings in unlisted French and European enterprises. With a target size of €50M, the BEA1 fund will co-invest alongside Bpifrance (through one of its managed funds, the France Investissement VI fund) on comparable terms in 12 funds selected in accordance with predetermined criteria. The criteria include underlying funds with a maximum life of 12 years, a target size of at least €150M, and for which Bpifrance will commit a minimum unit amount of €20M.