BNP Paribas partners with Banque des Territoires and the European Investment Fund to launch a new marketplace initiative: a fund to support the rollout of Impact Bonds across the European Union
Three years after launching the very first Social Impact Bonds fund in France and the European Union, and in line with the recommendations of the Cazenave Report, BNP Paribas is launching a second fund, BNP Paribas European Impact Bonds Fund 2. The new fund, with a target size of €70 million, aims to intensify the development of the Impact Bond market in the European Union.
Three strategic investors have joined forces to create the fund: Banque des Territoires, part of Groupe Caisse des Dépôts, the European Investment Fund (EIF) and BNP Paribas Cardif, the Group’s insurance subsidiary.
Managed by BNP Paribas Asset Management, the fund will finance projects that have a positive impact on society or the environment, promoting innovation in public policy while generating savings in government budget.
10 projects structured by BNP Paribas have already been chosen to be financed by this new fund.
To mark the fund’s launch, BNP Paribas is today bringing together project leaders, investors and representatives of the public authorities at L’Ascenseur in Paris (4th arrondissement), home to the first coalition for equal opportunities.