Caisse des Dépôts et Consignations : Un groupe public au service de l'intérêt général et du développement économique

Financial tools serving long term investors

Marguerite, or "2020 fund for energy, climate change and infrastructure", was launched jointly by the European Investment Bank and Cassa Depositi e Prestiti, in association with KfW and the European Commission.

The objective of this project is to assume an investment capital of € 1.5 billion (i.e a contributive capacity of € 5 to 10 billion). It is designed to provide a coordinated response from the main European public investors to the EU’s needs, within the sectors to which it is dedicated. Marguerite’s European renewal plan received the support of 27 EU heads of State and government in the European Council’s submissions of 11th and 12th December 2008.

InfraMed is a fund for long term investment in new urban infrastructure, energy and transport in Maghreb and Mashrek.

Launched on 30th April 2009 by Caisse des Dépôts, Cassa depositi e prestiti (Italy), EFG Hermes (Egypt) and Caisse de Dépôt et de Gestion (Marocco), InfraMed will invest in infrastructure projects which adhere to social and environmental responsibility criteria (responsible investment principles supported by the United Nations) and to the principle developed in the Long Term Investors’ Club charter.

Its promoters have approved the principle of a collective commitment able to total € 400 M in equity capital, with other long term investors, with a view to bringing together more than € 1 billion within the months to come. In addition, discussions are under way with long term investors in order to strengthen its financial capacity.

In the current context of diminishing financing, InfraMed will make a significant contribution to investment in infrastructure projects in the Mediterranean.

Averroès Finance I and II are two regional capital investment funds of funds for the Mediterranean zone. Their objective is to invest in the region’s SMEs.

Averroès Finance I is held by CDC Entreprises (Caisse des Dépôts group), Proparco (AFD group), Caisse d’Epargne Provence-Alpes-Corse, the European Investment Bank la Banque and Morocco’s Caisse de Dépôt et de Gestion. With more than € 230 M, it supports around fifty SMEs representing a turnover of 1 billion Euros and employing 16,000 people. The objective of Averroès Finance II is to act as a significant minority shareholder in around ten funds, i.e. indirectly in around one hundred companies. It should mobilize € 80 M.