FOSTER TPE-PME-AGRI a new generation multi-sector fund of funds, Occitanie, France
The ‘FOSTER TPE-PME-AGRI’ (‘Fonds Occitanie de Soutien Territorial aux Entreprises Régionales’) fund-of-funds (FOSTER) has been set up in the Occitanie/Pyrénées-Méditerranée region (the Region) of France. It is the largest fund of funds in France, with contributions of EUR 156.1 million from the Region, the European Regional Development Fund (ERDF), the European Agricultural Fund for Rural Development (EAFRD), and the European Investment Fund (EIF). It aims to mobilise up to EUR 1 billion of finance to address the market failure highlighted in the ex-ante assessment by facilitating access to finance for small and medium sized enterprises (SMEs) in cooperation with financial intermediaries active in the region.
A French translation of the case study is also available.