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EC-EIF - Pan-European Venture Capital Fund-of-Funds, call for managers
The European Commission has launched a call for managers for the Pan-European Venture Capital Fund-of-Funds (EC-EIF). This is a priority action under the Commission's Capital Markets Union (CMU) and complements other actions to boost venture capital (VC) in Europe. The EU will provide cornerstone investments of up to 300 million euros in one or more independently managed VC Fund-of-Funds, up to a maximum budget of 400 million euros for all Fund-of-funds. The selected fund manager(s) must raise at least three times as much from other sources (the EU investment is capped at 25%). This will result in additional investments to VC of around 1.6 billion euros, which is a major boost, as the total of VC funds raised last year in the EU was 5 billion euros. The objectives of this initiative are to increase the size of VC funds in Europe, increase private investment in VC, and overcome fragmentation. The call for Expression of Interest is addressed and restricted to interested parties that wish to establish and manage or advise a Fund-of-Funds to be financed under the Programme. The deadline for applications is 31 January 2017.
The European Commission and the European Investment Fund (EIF) are inviting applications for setting up and managing one or more private-sector led, market-driven Pan-European Venture Capital Funds-of-Funds > EU - EEPA 2016, European Enterprise Promotion Awards   > Open Days 2016 – European Week of Regions and Cities 
EIB group signed the ‘European Tech Champions Initiative' (ETCI)
On 13 February 2023 the EIB Group and five EU Member States signed the European Tech Champions Initiative (ETCI) mandate, a Fund of Funds that will channel much-needed late-stage growth capital to promising European innovators.
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