BPCE launches second French fund

French banking group BPCE has launched its second infrastructure fund dedicated to public-private partnerships.

Working alongside local communities and manufacturers, the group has created the Fund for Investment and Development of PPPs (FIDEPPP 2).

Just like FIDEPPP, the FIDEPPP 2 will only be subscribed to by entities belonging to BPCE: Natixis, Crédit Foncier, BPCE International et Outre-mer and the Caisses d’Epargne.

FIDEPPP 2 has a target size of €180m and will be managed by Natixis Environnement & Infrastructures. FIDEPPP 2 will be in a position to invest private equity capital in projects for a total of approximately €4bn.

Set up in 2005, the €20m FIDEPPP investment fund was the first French fund specifically dedicated to PPPs and it facilitated the completion of infrastructure and equipment projects worth almost €4bn, including the A28 motorway, the University of Paris VII and Balard – the future headquarters of the French Ministry of the Defense.