This compartment seeks to generate attractive returns to investors by building a balanced portfolio of investments in VC funds targeting high-value innovations in various industries (except life sciences that has a separate, dedicated compartment). Selected funds in this compartment invest in innovative technology companies from early to later stages of development.
To achieve its investment objective, this compartment focuses specifically on supporting high value innovations in the life sciences industry, encompassing amongst other subsectors therapeutics, med-tech, diagnostics, healthcare and digital health. Selected funds in this compartment manage venture capital investments in enterprises or projects with a high growth and innovation potential.
This compartment invests into funds focusing on growth, buyout, rescue/turnaround, replacement capital and mezzanine or hybrid debt/equity or other forms of risk finance. Similarly to the other compartments, its investment objective to generate attractive returns to investors, which is achieved through various investment vehicles including co-investments in growth stage companies.
AMUF leverages on the expertise and capacity of the EIF as its investment adviser. The EIF’s seasoned investors are leading full-scale investment teams that have long-standing relationships with General Partners throughout Europe and decisions are based on a trustworthy and well-tested selection process.
Investments from the following AMUF compartments are led by:
Uli Grabenwarter manages the EIF’s venture capital investments in technology, innovation and impact investing. He has been at the forefront of expanding the EIF’s VC activity from an initial EUR 200m to a current portfolio of around EUR 7bn including the launch of EIF’s impact investing activity in 2013. He is a visiting professor for venture capital and private equity at IESE University.
Bjorn Tremmerie oversees some of the EIF’s largest mandates in the field of VC investments in ICT, including the EUR 3.2bn ERP-Dachfonds mandate from the Germany Ministry of Economic Affairs and Energy (BMWi). His team invests and monitors investments in venture capital funds and manages co-investments alongside business angels. Their portfolio includes some 150+ European VC funds. First investor in Shazam, the popular smartphone music application in 2001.
Patric Gresko has been with the EIF since 2001, initially working on setting up the back office and risk management functions. He later joined the investment department and since 2016, Patric has been heading the investment teams in charge life sciences, technology transfer and social impact investing – an increasing area of EIF activities with exciting investment opportunities.
Leveraging his experience of more than 20 years in private equity, Jean-Philipp Burcklen oversees the EIF’s lower mid-market investment activity including a EUR 8bn portfolio. In this regard, he manages a team of 30+ professionals. His responsibilities cover investments in European private equity and private debt (hybrid and senior) as well as liquid assets (co-investments and secondary buy).
Christine Panier has been part of the EIF’s lower mid-market (LMM) investment team for more than 12 years, leading investments in numerous leading funds. She has been active in private equity and mezzanine during her entire career with previous appointments including Banexi, Banexi Ventures, Euromezzanine and AXA Private Equity.
At the EIF since 2009, Marco oversees LMM investment activity for private equity in Northern, Eastern and Southern Europe as well as several fund-of-funds initiatives with specific geographical scope, (i.e. Turkey, Poland, Baltics, Central Europe, Italy, Portugal). Previously he also worked in direct investments at Innogest Capital in Italy and was a project and engagement manager at Capgemini and EY.
The EIF in its role of AMUF’s advisor and investment manager, bases its activities on sound banking and commercial principles. The EIF strives to implement best market practices in its business and is committed to promote environmental, social and governance standards both within the organisation as well as in its relationship with its counterparts.
The EIF is committed to be a value-driven and responsible market operator. Competence, compliance, diligence and responsible conduct are key to the success of EIF’s business. This includes taking account of social and environmental aspects when conducting its activities.
The EIF is committed to preserve the environment and natural resources, following a strict “do-no-harm” approach in its daily business to prevent negative impacts. It aims at operating in an environmentally friendly and carbon-neutral manner and strives to increase environmental responsibility and awareness both inside and outside the organisation.
The EIF focuses on promoting sustainable and inclusive growth and follows ethical considerations in its business. The respect for and promotion of fundamental human rights as laid out in the EU Charter of Fundamental Rights and the UN Declaration of Universal Human Rights and the European Convention on Human Rights guide the relationship with its stakeholders.
The EIF is committed to sound governance, a system of checks and balances and the highest standards of integrity. Throughout its organisation, the EIF is committed to the principle of four eyes control. It attaches great value to transparency, data protection, integrity and impartiality, and operates based on zero tolerance to fraud, corruption, bribery and/or money laundering.