📋 Tender Overview
Project ID: 56189
Status: Exploratory
Location: Greece
Business Sector: Equity Funds
Notice Type: Private
Approval Date: 19 Nov 2025
Disclosure date: 05 Aug 2025
Project Description
An equity commitment of up to EUR 30 million in SMERemediumCap II RAIF SCA (the "Fund"). The general partner of the Fund will be SMERemediumCap II GP S.a r.l. (the "General Partner"), incorporated in Luxembourg.
Project Objectives
The Fund will invest in Greek mid-sized companies through equity, mezzanine, or convertible instruments, with a preference for acquiring control positions. It will follow a generalist strategy, preferably targeting businesses in growth-oriented or export-driven sectors, with potential for market share expansion or industry consolidation.
Transition Impact
ETI score: 64
The Bank's investment is expected to contribute to the Resilient transition quality by supporting the further development of equity as an alternative funding source in Greece and the Competitive transition quality through supporting the expansion and increased competitiveness of the Fund's investee companies.
Client Information
DIRECTION MEDIUMCAP II RAIF SCA
The Fund is formed as a Luxembourg fonds d'investissement alternatif reserve (reserved alternative investment fund) in the form of a societe d'investissement a capital variable (investment company with variable capital) and organised as a societe en commandite par actions (corporate partnership limited by shares) in accordance with the RAIF Act 2016.
EBRD Finance Summary
EUR 30,000,000.00
An equity commitment of up to EUR 30 million in the Fund.
Total Project Cost
EUR 200,000,000.00
The Fund's target size is EUR 200 million.
Additionality
The EBRD's financing is required for the Fund to successfully raise the targeted fund size. In addition, the Bank has worked with the Fund manager on developing a target for green eligible investments as well as gender related targets.
Environmental and Social Summary
Categorised FI (ESP 2024). SMERemediumCap is a long-standing partner of the Bank and has successfully implemented EBRD Environmental and Social Requirements on a previous fund. Ongoing Environmental and Social (E&S) Due Diligence conducted so far through review of previous AESRs, a questionnaire, a review of the indicative pipeline, and publicly available information, including precontractual documentation pursuant to SFRD Art. 8, preliminary demonstrated that the Fund Manager has the capacity to implement EBRD's Environmental and Social Requirements (ESRs) 2, 4, and 9 in SMERemediumCap II. This PSD will be updated upon completion of due diligence. The Fund Manager has been a PRI signatory since early 2025 and has procedures in place to screen, assess, monitor, and report on E&S risks associated with the targeted investments. Appropriate information regarding the environmental and social management system has been disclosed, and satisfactory occupational health and safety pr
