ECBF Management GmbH yesterday announced a second closing of the European Circular Bioeconomy Fund (ECBF). Reaching €175 million, ECBF has more than doubled its fund-size within two months after starting its operations. ECBF is the first venture fund exclusively focussed on the bioeconomy and circular bioeconomy in Europe. With a targeted fund-size of €250 million, it will be an important financial instrument contributing to the European Green Deal making Europe climate neutral by 2050.
The European Commission and the European Investment Bank (EIB) completed the public procurement process for the selection of an investment advisor to set up and manage the European Circular Bioeconomy Fund (ECBF). The selected investment advisor is ECBF Management GmbH and Hauck & Aufhäuser Fund Services S.A. will act as the Alternative Investment Fund Manager.