For specific growth markets, Gimv establishes funds and joint ventures in cooperation with experienced partners. These funds are managed by Gimv and have Gimv as their key shareholder. In December 2008, Gimv set up the Gimv-XL fund together with the Vlaamse Participatiemaatschappij (VPM).
Gimv-XL allows Gimv to meet the capital needs of Flanders’ larger growth companies. Such companies have an enterprise value of EUR 75 to 750 million, a sound business model and the potential to expand from the Flemish market into the international market. Long-term partnership with Gimv allows them to maintain and to accelerate their growth strategy.
In a first closing, Gimv-XL raised EUR 500 million. As sponsor and key investor, Gimv contributed EUR 250 million of this. As co-sponsor, VPM contributed EUR 185 million. At the final closing in March 2010, EUR 609 million was realised.