Rivage Investment and the European Investment Fund backed by InvestEU announce a new impact debt fund

February 17, 2023

EIF, supported by InvestEU, announces EUR 30 million support for the first closing of the European Climate Debt Solutions Fund (“EUCLIDES“) managed by Rivage Investment

This impact fund will primarily provide growth debt to SMEs specializing in innovative climate solutions in Europe.

EUCLIDES will be launched in the first half of 2023 as an innovative impact investment fund contributing to the response against climate change and optimally serving a market in need of massive deployment of positive impact technologies.

EUCLIDES is classified as an Article 9 fund under the SFDR, with strong alignment to the EU taxonomy. In addition, 100% of the funding will have strong decarbonation requirements.

Hervé Besnard, founder and CEO of Rivage Investment states:

“By offering “growth” debt to European companies that deploy solutions to reduce GHG emissions, EUCLIDES accelerates the deployment of efficient technologies, enabling a significant positive impact on greenhouse gas emissions and climate change. This new fund is a well-suited vehicle for investors who want to be valued for their positive impact.”


Please see the European Investment Fund (EIF) press release