Fonds de Fonds Technologique (Technology Fund of Funds) has EUR 150m contributed in equal parts by the French State, Caisse des Dépôts and the European Investment Fund (EIF) – the EIB Group’s specialist venture capital arm – the Technology Fund of Funds (TFF) will take participations in venture capital funds that will in turn invest in technology firms.

The fund is managed by the investment capital subsidiary of Caisse des Dépôts, CDC Entreprise. Compared to the Fonds Public pour le Capital Risque (Public Venture Capital Fund) and the Fonds de Promotion du Capital Risque (Venture Capital Promotion Fund - FPCR), launched in 1998 and 2000, which to date have served to finance 31 funds and through them 481 technology firms, the TFF will apply new, more selective investment criteria. It will focus on major players that have the capacity to support enterprise development over the longer term.

INFO SOURCE

European Investment Bank; CDC Entreprise