EIF invest €50m in Kartesia asset-based finance fund

The European Investment Fund (EIF) has committed €50 million to Kartesia Asset Finance III (KAF III), a fund managed by Flexam Invest and dedicated to financing tangible industrial assets for European mid-cap companies and SMEs.

The investment, partially backed by the InvestEU programme, aims to strengthen access to financing for businesses involved in growth, transformation, and sustainable innovation projects. InvestEU supports EU policy priorities, including the green transition, and targets mobilising over €372 billion in investment between 2021 and 2027.

KAF III, Flexam’s third asset-backed fund, targets a total size of €500 million and has now raised nearly €200 million at its second close. The fund plans to finance around 30 transactions, each secured by mobile industrial assets such as rescue helicopters, maritime vessels, and warehouse automation systems, with a focus on decarbonisation and sustainable infrastructure.

Founded in 2011, Flexam Invest specialises in financing tangible industrial assets across sectors including mission-critical services, industrial mobility, and logistics. In 2023, Flexam became part of Kartesia, strengthening its fundraising capacity and expanding its reach in private debt markets.

Marjut Falkstedt, Managing Director of the EIF, said: “We are very pleased to seal this new partnership with Flexam Invest.

“Our mission is to support European small and mid-cap companies by facilitating their access to financing, helping them achieve their growth and transformation goals.”

Florian de Sigy, Chairman and Partner of Flexam Invest, added: “We are proud to sign this financial partnership with the EIF. This vote of confidence demonstrates our strong presence in the European industrial landscape and the strength and relevance of our positioning to support the real economy, while respecting the Climate Action and Environmental Sustainability criteria of the EIF.”