EquiFund II

Following the successful implementation of the EquiFund initiative, the Hellenic Republic and the European Investment Fund are embarking on a new ambitious cooperation to deploy the first thematic equity initiative in the country, namely EquiFund II.

The EquiFund II initiative is a EUR 200m Fund of Funds co-financed by Cohesion policy funds and national resources of the Hellenic Republic, entrusted to be managed by the EIF. It aspires to help innovative companies operating in two promising economic sectors of the economy, namely Life sciences & Healthcare and Sustainability & Social impact, get better access to vital equity financing to help them be more competitive and fully exploit their growth potential.

EquiFund II will support new and/or existing fund management teams and aims to cover a financing gap identified in the targeted sectors which are deemed to have promising growth potential but have relatively few financing options in the country. It will target investments in all asset classes, ranging from pre-seed, seed and early-stage investments to growth investments. As a result, it can support the whole investment spectrum of the venture capital and private equity ecosystem, depending on market needs.

EquiFund II will invest into underlying funds managed by financial intermediaries (fund managers) that are selected according to the EIF’s standard procedures through the Call for expression of interest as further described below. EquiFund II does not invest directly in businesses. The underlying investments in portfolio companies will be carried out via the selected fund managers.