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services on financial instruments under the
fi-compass is a unique platform for advisory
for Employment and Social Innovation (EaSI).
European Structural and Investment Funds
(ESIF) and microfinance under the Programme
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be an important tool for boosting EU agriculture.
Investments, in a variety of forms, will help create a modern, dynamic agri-food
sector to create jobs and enhance growth in the EU. Financial Instruments will


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Title Term Definition
Final Recipient (FR)

A legal or natural person receiving financial support from a financial instrument.

Financial Instruments (FIs)

Union measures of financial support provided on a complementary basis from the budget to address one or more specific policy objectives of the Union. Such instruments may take the form of equity or quasi-equity investments, loans or guarantees, or other risk-sharing instruments, and may, where appropriate, be combined with grants.

Financial Intermediary (F.Int)

Entity acting as an intermediary between sources of capital supply and demand (e.g. bank, holding fund, fund).

Financial Regulation

Regulation (EU, EURATOM) No 966/2012 of the European Parliament and of the Council of 25 October 2012 , on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002.

Fund manager

The individual(s) or entity(ies) responsible for implementing the investment strategy and managing the portfolio of investments related to the Financial Instruments (being Equity funds, Loan funds, Guarantee funds), in accordance with the stated goals and provisions as set out in the Funding Agreement.

Fund of Funds (FoF)

A fund set up with the objective of contributing support from a programme or programmes to several financial instruments. Where financial instruments are implemented through a fund of funds, the body implementing the fund of funds shall be considered to be the only beneficiary.

Fund raising

The process in which venture capital firms raise money to create an investment fund . These funds are raised from private, corporate or institutional investors, who make commitments to the fund which will be invested by the general partner.

Funding Agreement

Contract governing the terms and conditions for contribution from ESIF programme to financial instrument. This will be established between a Managing Authority and the body that implements the fund of funds or between a Managing Authority or the body that implements the fund of funds and the body that implements the financial instrument.