- 3 min
Two new FCPI funds managed by Crédit Agricole Private Equity: LCL Innovation 2010 and CA Innovation 11
The two funds allow investors to participate in the development of innovative European SMEs (60% of assets), while also benefiting from a tax reduction of up to €6,000.
The funds will invest in the new information and communications technologies (electronics, telecoms, software, internet, e-commerce), life sciences (drug development, diagnostic devices, medical instruments, biological production) and clean technologies sectors.
Crédit Agricole Private Equity's Venture Capital team is a key player in financing innovative SMEs. Comprising 11 investment professionals, it manages €430 million in the form of investments in young companies offering strong growth potential in the information technologies and life sciences sectors.
"Our team benefits from over 10 years' experience in creating FCPI funds. Against the backdrop of changes in taxation on these products, it is more important than ever to favour experienced teams with the essential expertise in selecting companies," comments Antoine Colboc, Head of Venture Capital at Crédit Agricole Private Equity