16 September 2024
Deals | France | Banking & Finance
Gide has advised Eiffel Investment Group (‘EIG’) on the structuring of the ‘Eiffel Impact Direct Lending’ fund, a unitranche private debt fund dedicated to financing SMEs, managed by François Serot Almeras Latour.
Classified as ‘Article 9’ under the SFDR Regulation, this fund, dedicated to professional investors, aims at financing SMEs while promoting concrete and measurable ESG objectives by systematically integrating Impact® Covenants.
With a target of raising €400 million from investors, the ‘Eiffel Impact Direct Lending’ programme, which comprises a main fund and a fund dedicated to a leading institutional investor, raised €200 million for its first closing in July 2024.
Gide’s team comprised partner Stéphane Puel, counsel Clothilde Beau and associate Margot Lecoeur.