EIB commits €300m to EM fund-of- funds

The European Investment Bank has disclosed a €300 million contribution to the launch of the new Global Gateway Fund (GGF). GGF is a flagship initiative supporting the EU's Global Gateway strategy, operating as a fund-of-funds focused on high impact equity and debt operations in emerging markets.

GGF will support private sector operations, with the following indicative allocations: 40% to infrastructure funds, 40% to small and medium-sized enterprises (SME) funds and 20% to project finance or other structured debt financings with quasi equity risk. The infrastructure and SME funds will in turn provide equity, quasi-equity, debt or bridge financing to sustainable infrastructure projects, project companies or corporates acting in clean energy, sustainable transport, connectivity, supply chains and human development in emerging markets.