Venture Capital - Investment vehicles
Our venture capital investment vehicles
For 10 years, Crédit Agricole Private Equity has managed FCPI mutual funds (French regulated mutual funds investing in innovative companies) sold to individual clients of the Crédit Agricole Group networks. Since 2008, it has offered a range of FCPI funds eligible for wealth tax reductions for high net worth clients of the Regional Banks, Crédit Agricole Private Banking and LCL.
Crédit Agricole Private Equity’s Venture Capital team manages several types of investment vehicles (FCPI, FCPR, SCR and SICAR funds):
FCPIs
Capital Invest PME 2010
Inception: June 2010
Nominal value per unit: EUR100 (minimum acquisition of 20 shares)
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: half-yearly
Investment risk: high
LCL Innovation 2009
Inception: 21 December 2009
Size of fund: EUR13 million
Nominal value per unit: EUR100
Minimum subscription: 10 units or EUR 1,000
Life of fund: 6 years, which may be extended to ten years
Investment risk: high
Capital Invest PME 2009
Inception: June 2009
Size of fund: EUR18.5 million
Nominal value per unit: EUR100 (minimum purchase of 20 shares)
Life of fund: minimum of 6 years, which may be extended to ten years
NAV published: half-yearly (April and October)
Investment risk: high
Crédit Agricole PME Innovation 2009
Inception: June 2009
Size of fund: EUR9.6 million
Nominal value per unit: EUR100 (minimum acquisition of 10 shares)
Life of fund: minimum of 6 years, which may be extended to ten years
NAV published: half-yearly (April and October)
Investment risk: high
Capital Invest PME
Inception: 2008
Size of fund: EUR30 million
Nominal value per unit: EUR100 (minimum purchase of 20 shares with a EUR100 net asset value)
Life of fund: minimum of 6 years, which may be extended to ten years
NAV published: half-yearly (May and November)
Investment risk: high
Crédit Agricole Europe Innovation 2008
Inception: 2008
Size of fund: EUR29 million
Nominal value per unit: EUR100 (minimum acquisition of 10 shares with a EUR100 net asset value)
Life of fund: minimum of 6 years, which may be extended to ten years
NAV published: half-yearly (May and November)
Investment risk: high
LCL Innovation 2008 and Crédit Agricole Croissance 2008
Inception: 29 December 2008
Size of fund: EUR14 million
Nominal value per unit: EUR100
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: half-yearly
Investment risk: high
LCL Innovation 2007
Inception: 27 December 2007
Size of fund: EUR24 million
Nominal value per unit: EUR100
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: half-yearly
Investment risk: high
LCL Innovation 2
Closing: 29 December 2006
Size of fund: EUR23 million
Nominal value per unit: EUR100
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: quarterly
Investment risk: high
LCL Innovation 1
Closing: 2 November 2005
Size of fund: EUR24.5 million
Nominal value per unit: EUR100
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: quarterly
Investment risk: high
Crédit Lyonnais Innovation 6
Inception: 30 December 2004
Size of fund: EUR26 million
Nominal value per unit: EUR100
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: quarterly
Investment risk: high
Crédit Lyonnais Innovation 5
Inception: 29 December 2003
Size of fund: EUR25 million
Nominal value per unit: EUR100
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: quarterly
Investment risk: high
Crédit Lyonnais Innovation 4
Inception: 27 December 2002
Size of fund: EUR20 million
Nominal value per unit: EUR100
Life of fund: 6 years, which may be extended for two consecutive two-year periods
NAV published: quarterly
Investment risk: high
Crédit Lyonnais Innovation 3
Inception: 21 December 2001
Size of fund: EUR32 million
Nominal value per unit: EUR100
Life of fund: 10 years
NAV published: quarterly
Investment risk: high
Crédit Lyonnais Innovation 2
Inception: 27 December 2000
Size of fund: EUR23 million
Nominal value per unit: EUR100
Life of fund: 10 years
NAV published: quarterly
Investment risk: high
FCPR for qualified investors
Crédit Agricole Private Equity handles specialised FCPR only for institutional investors. Thus, the investors can have an allocation targeted by venture capital segments.
Crédit Lyonnais Venture 1
Closing: 29 June 2002
Size of fund: EUR51 million
Life of fund: 10 years
SCR
Crédit Lyonnais Venture Capital
Equity: EUR31.5 million at 31 December 2004
SICAR
Crédit Agricole Israël Venture Selection 1
A fund dedicated to investment in Israeli venture capital funds
Target size: USD 50 million
