Gide advises Eiffel Investment Group on the launch of the Eiffel Impact Direct Lending fund , the first European impact debt fund dedicated to SMEs

Gide has provided advisory services to Eiffel Investment Group (EIG) for the creation of the Eiffel Impact Direct Lending fund, a unitranche private debt fund focused on financing Small and Medium Enterprises (SMEs). Managed by François Serot Almeras Latour, the fund is classified as Article 9 under the SFDR Regulation and targets professional investors. It aims to finance SMEs while promoting measurable Environmental, Social, and Governance (ESG) objectives through the integration of Impact® Covenants. The Eiffel Impact Direct Lending programme has a target of raising €400 million from investors. The first closing of the fund, which includes a main fund and a fund dedicated to a leading institutional investor, successfully raised €200 million in July 2024. Gide s team, consisting of partner Stéphane Puel, counsel Clothilde Beau, and associate Margot Lecoeur, played a crucial role in the fund s development. In summary, the Eiffel Impact Direct Lending fund, advised by Gide, is a €400 million unitranche private debt fund dedicated to financing SMEs with a focus on ESG objectives. The fund s first closing raised €200 million and is managed by François Serot Almeras Latour. Gide s team, including Stéphane Puel, Clothilde Beau, and Margot Lecoeur, contributed to the fund s successful development.

Source: gide.com
Published on 2024-09-16