We have touched on some of the main Impact Finance structures available in Luxembourg. There are also a few European initiatives:
the European Social Entrepreneurship Fund (“EuSEF”) Regulation; it provides a framework for European social entrepreneurship projects at EU level. EuSEF is a label. It aims at positive social impacts;
the European Long Term Investment Fund (“ELTIF”) Regulation; this is generally a closed-ended fund designed to channel capital into companies and encourage long-term saving. EU alternative investment funds can apply for the ELTIF label; and
the European Venture Capital Fund Regulation (“EuVECA”) which is specifically designed for European venture capital projects.
References: Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds; Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance); Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds (Text with EEA relevance); Which Structures Are Mainly Used in Impact Finance?, 21 August 2020, Bertrand Mariaux.
*Podcast #247:
*YouTube Video 236|:
Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)
Prestation de serment: Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master en droit européen et international - mention économique, 2008), certified Expert in: Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)