The EIF, backed by InvestEU, is delighted to announce its EUR 30m support as a cornerstone investor at first closing to the European Climate Debt Solutions Fund (“EUCLIDES”) managed by Rivage Investment.
This impact fund will mainly provide growth debt to SMEs specializing in innovative climate solutions across Europe.
EUCLIDES will be launched in H1 2023 as an innovative impact investment fund contributing to the fight against climate change and optimally serving a market in need of massive deployment of technologies with positive impact.
EUCLIDES is classified as an Article 9 fund under the SFDR with a strong alignment to EU taxonomy. In addition, 100% of financings will demonstrate strong decarbonization claims.
Hervé Besnard, founder and CEO of Rivage Investment comments:
By providing growth debt to European corporate deploying solutions aiming at reducing GHG emissions, EUCLIDES accelerates the deployment of efficient technologies, generating a significant positive impact on greenhouse gas emissions and climate change. This new fund is a well-suited instrument for investors to be rewarded for their positive impact.
Please refer to the European Investment Fund press release