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The European Investment Fund (EIF) has invested 8 million euro into Social Venture Fund (SVF), a German Venture Capital fund which targets social enterprises and held its first closing at 16.4 million euro today. This investment is the first one under the Social Impact Accelerator (SIA) initiative which the EIF has launched earlier in 2013. SIA is the first pan-European public-private partnership for social impact investing and addresses the growing need for availability of equity finance to support social enterprises, a segment of the business world which is becoming increasingly instrumental in promoting social inclusion, providing alternative sources of employment for marginalised social groups and contributing to growth.
Commenting on the first investment under SIA...
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