The European Commission aims to make the European Venture Capital (VC) industry more self-sustainable and globally competitive by reducing its dependence on the public sector and encouraging more investment from institutional and private sources back into VC, especially into early and growth-stage funds.
For achieving this, the following key policy objectives are to be met:
A further consideration is the need to ensure that if a FoF programme were set up in future, this is embedded within a package of support measures, to include technical capacity-building measures for General Partners and investment professionals. The broader relevance of a FoF initiative is that it would help contribute to achieving the aims of the Europe 2020 strategy of smart and sustainable growth.
The study that was conducted to examine the feasibility of a FoF programme meeting all of the above policy objectives is now available.
Contact: Steve Rogers