Bpifrance and KIA Create PE Fund
Posted on 05/21/2024
In line with Bpifrance’s goal of supporting local business, Bpifrance and Kuwait Investment Authority (KIA) have made an agreement at the Choose France international summit to co-create new entity FKF. FKF is a bilateral private equity fund that will seek small and medium PE and tech buyout funds as well as unlisted small and medium French companies. FKF will be managed by Bpifrance. It is subscribed equally between Bpifrance and Kuwait Investment Authority (KIA) and its French subsidiary, International Civil Company. The percentage breakdown will be: 70% of funds in small and medium sized private equity and tech buyout funds and 30% in unlisted French small and medium sized businesses with growth potential.