Crédit Agricole Private Equity Launches Two FCPI funds

Crédit Agricole Private Equity (CAPE) has launched two new FCPI funds named LCL Innovation 2008 and Crédit Agricole Croissance 2008 respectively.

Both funds will be invested in growth sectors such as electronics, telecoms, software, internet services, biotechnology and cleantech.

An FCPI, which is the acronym for Fonds Communs de Placement dans l’Innovation, is a category of fund that invests in innovative SMEs, is regulated by the French government, and offers certain tax advantages for investors (and in France you need all the help you can get in reducing your taxes).

Here’s CAPE’s press release:

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