EIF backs new fund to ease financing for growth companies in Finland
Finland, July 2 -- The European Investment Fund (EIF) is committing €20 million to SP Growth Fund Ky, a new Finnish private credit fund that will provide growth financing to domestic small and medium-sized businesses with strong commercial potential.SP Growth Fund will help Finnish companies access growth capital that has become scarcer in the country, notably as a result of stricter banking regulation. It will focus on technology-driven businesses that have limited tangible assets and that seek loans ranging in size from €500,000 to €2 million.The EIF's commitment helped SP Growth Fund reach its first closing of €34 million - more than two-thirds the way towards a target size of €50 million. The other initial ...
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