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Entreprendre et Croissance 1 Fund: investing private equity differently

Caisse des Dépôts and Bpifrance are contributing €12.25mn respectively to the 1st fund-raising of €48mn Entreprendre et Croissance 1 fund launched on 5 December by Generis Capital in partnership with Réseau Entreprendre®, an association of business leaders. The fund will finance and support the prize-winner companies of Réseau Entreprendre®.

Enterprise
06December2017

Eléments de puzzle © Fotolia et logos Generis Capital Partners, Réseau Entreprendre®, groupe Caisse des Dépôts et Bpifrance

Launched on the initiative of the management firm Generis Capital with support from Bpifrance and Caisse des Dépôts, this professional private equity fund is the first fund to be formed in partnership with an association of company managers in France, Réseau Entreprendre®, which groups together 14,000 company managers. Its mission: to help entrepreneurs showing high potential for job creation to successfully set up, take over or grow their business. Réseau Entreprendre® has had a part to play in thousands of success stories such as Michel & Augustin, Envie de Fraise or Sushi Daily.

 

Entreprendre et Croissance 1 will be stumping up equity and quasi-equity for ¾ of its size to mature businesses with tickets that can go as high as €5mn, and for ¼ of its size to young businesses fast-tracking their development, with tickets that can go as high as €2.5mn.

 

The fund is part of the family of SRI funds from the social and solidarity economy: it is a fund for sharing and redistributing gains for the benefit of a renowned public interest association committed to creating jobs and developing entrepreneurship in France for more than thirty years.

 

Réseau Entreprendre® winners receive support that is provided 100% by voluntary company managers and tailored to the company's stage of development.

 

 Investors who took part in the 1st closing alongside Caisse des Dépôts and Bpifrance are: BNP Paribas Cardif, Banque Populaire Alsace Lorraine Champagne, Banque Populaire Rives de Paris, Crédit Coopératif and Groupe Agrica. A second fund-raising campaign will be organised shortly to welcome other institutional investors.

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