Source: Emma Rumney, Public Finance International
The European Bank for Reconstruction and Development has raised €350m ($391m) in the first round of fundraising for its debut Equity Participation Fund.
The fund aims to attract long term institutional capital into the private sector of those countries where the EBRD works. It allows large institutional investors to take 20-30% of the interest in all of the EBRD’s eligible investments above €10m ($11m) during a five-year period.