The Eiffel Investment Group has said that it has raised €777 million for its Eiffel Impact Debt II fund.

The fund incorporates Eiffel’s Impact Covenants® which target measurable areas of progress in ESG strategy such as job creation, carbon footprint reduction, education and training and inclusion, and modulate the financing interest rate. The fund aims to finance the growth of around forty European SMEs and is classified as “Article 9” under SFDR regulations.

Eiffel says that each of the program’s investments must respect a common set of measurability criteria to contribute to environmental transition (systematic carbon footprint, carbon intensity, portfolio allocation based on SBTI carbon methodology) and fair transition (inclusion of people with disabilities, training, parity, workplace accidentology and employee shareholding).

Fabrice Dumonteil, Chairman of Eiffel Investment Group, said, “As an impact-conscious investor, we are always looking to design and improve strategies capable of generating maximum positive externalities, which add to financial performance. Eiffel Impact Debt II illustrates this approach by amplifying our impact ambitions. We would like to warmly thank our investors for their trust and support, which will enable us to continue accelerating our strategy in favour of the environmental and fair transition of European midcaps”.

END