Caisse des Dépôts backs French boutique innovation fund

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French public financial group Caisse des Dépôts (CDC) has invested €15m in the Predirec Innovation 2020 managed by Paris-based boutique Acofi Gestion.

The fund is financing micro, small and mid-sized French enterprises through debt securities.

With CDC’s inflows, total assets of the fund are amounting to €93m.

Gabrielle Gauthey, head of Investments and Local Development at CDC, said investing in Acofi Gestion’s fund enables CDC to back permanently the growth, job creation and innovation carried by French micro, small and mid-sized enterprises by easing research and devlopement programs at a time cashflows are low or none.

Acofi Gestion manages and advises €2.5bn of assets.

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