ESCALAR – call for expression of interest

Leveraging InvestEU resources, the EIF has launched the new European Scale-up Action for Risk capital (ESCALAR) Programme.

Under ESCALAR, the EIF will provide equity investments to, or alongside, funds in the areas of venture capital and private equity whose strategy focusses on European scale-ups. Funds should be targeting one or more of the InvestEU thematic and/or horizontal policy priorities in their objectives.

Using ESCALAR, the EIF will provide equity investments in a share class or fund unit of the fund (or its side fund) benefitting from additional protections that reduce both the EIF’s investment risk and the EIF’s expected return, compared to other (riskier) share classes or fund units in the fund - whilst providing higher upside return for such other share classes.

Eligible funds are based in, or investing in, the EU Member States and Overseas Countries and Territories (OCTs), Norway and Iceland.

Application process

The EIF selects financial intermediaries based on applications received in response to this call for expression of interest. The selection and application procedure is aligned with the other equity calls under InvestEU.

Deadline for applications: 31 January 2024

CALL FOR EXPRESSION OF INTEREST

Documents for the ESCALAR Call

Call for expression of interest

Annex I – Expression of interest

Annex II – Investment guidelines (term sheet)

Annex III – Terms of confidentiality

Annex IV – Operational reporting (template)

Additional documentation

ESCALAR information document

ESCALAR FAQ

ESCALAR presentation

ESCALAR financial model (XLS)

Guide to the ESCALAR financial model

Read more online

Find more information on InvestEU in our detailed interactive brochure on InvestEU –available in our digital library. Check it out here:
https://engage.eif.org/investeu/equity