Invest in inclusive growth
Invest in inclusive growth
Launched in 2005, EFSE was the first public-private partnership impact vehicle for micro, small and medium-sized enterprises (MSMEs)
Launched in 2005, EFSE was the first public-private partnership impact vehicle for micro, small and medium-sized enterprises (MSMEs)
Today, EFSE remains one of the largest funds of its type, with a long and successful track record. We build strategic partnerships with local financial players, providing them with flexible and tailored debt-financing solutions. These include local currency loans, loans for farmers and agri-businesses, and targeted financing for underserved market segments.
We aim to transform businesses to generate inclusive, sustainable growth and diversified returns for investors.
Figures as of Q4 2024
€1.5B
Total assets
€4.7B
Cumulative investments since inception
15
Active investment countries
€11.4M
Volume of sub-loans enabled to MSMEs and households
2.6M
Indirect jobs supported
41%
Share of indirect jobs held by women
Delivering for investors
We provide diversified access to high-growth markets
Southeast Europe and the Caucasus combine high-growth dynamics with EU integration momentum.
But local capital markets are underdeveloped and do not offer opportunities for diversified exposure.
We give you diversified access via the region's secure banking sector with first- and second-loss protection.
Delivering for local markets
We finance growing MSMEs through local financial institutions
These businesses are critical to their economies – growth, jobs and living standards rely on their success.
But they struggle to obtain financing, which stops them from scaling, innovating and transforming their operations.
Through local financial institutions, we provide the financing, advice and capacity building they need to be competitive, sustainable and socially inclusive.
Every day, we search for new ways to support our partners and local entrepreneurs. We make sure they can capitalise on opportunities for robust, competitive growth.”
Jasminka Begert, EFSE Portfolio Manager
It takes a specialist to invest in these markets
It takes a specialist to invest in these markets
We live and work where our assets are based.
With over 20 years of experience, we know how to navigate shifting market dynamics.
Our impact stories
We work with local financial institutions to drive inclusive growth across markets, businesses and communities.
Information for potential investors
In respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of the Fund (or its sub-fund(s)) can be offered or made.