EIF invests EUR 15m in third fund of Karmijn Kapitaal

Karmijn Kapitaal has received a €15 million investment from the European Investment Fund (EIF). EIF, already a major investor in Karmijn Kapitaal’s Fund I and II, is now also part of the third fund with a target size of €100 million.

As Limited Partner (LP) in the third fund, EIF will play a significant role in supporting Karmijn Kapitaal's investment activities. Since its founding in 2010, Karmijn has focused on identifying and supporting promising SMEs in the Netherlands. The third fund, which is still open for new commitments until the end of the year, builds on the strategy of the two previous funds, which had a total size of €135 million. With this, Karmijn invested in several successful Dutch SMEs, including vintage clothing brand King Louie, healthcare supplier JOYinCARE, identification solutions developer BPI Services, organic cosmetics producer NCH, and 19 others.

Focus on diversity
Karmijn Kapitaal is an investment fund that participates in Dutch SMEs with a diverse management team, or a management that wants to work towards a higher degree of diversity with the help of Karmijn. Karmijn's approach focuses on continuity of the companies it invests in. The fund believes that not only the traditional economic and financial factors are important for this, which is why it also actively focuses on the balance between harder and softer values such as employee satisfaction, creativity and good personal relationships. Karmijn uses diversity as a tool to help create better companies.

Freerk Smit, Partner at Karmijn Kapitaal, says: "The investment by the European Investment Fund is testament to the confidence in our work. We are therefore delighted to extend our cooperation and look forward to further investments with the third fund."