Funds & Joint Ventures
The EUR 800 million that Gimv manages in various co-investment funds greatly increases its firepower. At the same time this gives the company’s investors - institutional investors, wealthy families and entrepreneurs - the ability to participate in activities that are complementary to Gimv's core tasks.
Expanding fund activities increases Gimv’s critical mass.
The DG Infra+ and DG Infra Yield investment funds focus on infrastructure and related assets, often Public Private Partnerships (PPP) and other capital intensive projects. Typical of these projects is the long-term nature of the contracts and their frequently regulated character. In most cases these in sectors like energy, transport, waste, communication, care and selective real estate projects. The scope of both funds is the Benelux and occasionally neighbouring countries, where in each case cooperation is sought with industrial or financial partners. Thus last year DG Infra+ started on the construction of a detention centre in Marche-en-Famenne and on completing the R4 road network around Ghent, while DG Infra Yield invested in 4 detention centres in France and a number of buildings to be made available to the Dutch government.
The DG Infra team sets store by its local presence and has built up expertise in various sectors. The two funds have together EUR 280 million available for investment and are managed by a collaboration between Gimv and Belfius Bank.
Gimv-Agri+ Investment Fund
Gimv and the Boerenbond's Agri Investment Fund have together set up the Gimv-Agri+ Investment Fund with EUR 60 million under management. This money is for investment in innovative companies with growth potential in agriculture, food and related sectors. Last year the fund took a stake in the waste-to-energy company GreenWatt.
Gimv has a number of cooperation arrangements. In this way it follows the Scandinavian and Russian markets through its investment in Capman, a Finnish fund manager, and keeps its finger on the pulse in Central Europe through a participation in Genesis Private Equity II.