๐ Tender Overview
Project ID
55925
Status
Concept Reviewed
Location
Regional
Business Sector
Equity Funds
Notice Type
Private
Environmental Category
FI
Approval Date
25 Jun 2025
Disclosure date
20 May 2025
Project Description
An equity investment of up to EUR 25 million in favour of Genesis Private Equity Fund V (the "Fund").
Project Objectives
The Fund seeks to generate long-term capital gains from equity and equity-related investments in small to mid-cap companies primarily in the Czech Republic and the Slovak Republic.
Transition Impact
ETI score:64
project is in line with the "Resilient" transition quality by increasing the availability of private equity capital as an alternative source of funding for SMEs and mid-cap companies and the "Competitive" transition quality by supporting the restructuring and further growth of the fund's portfolio companies.
Client Information
GENESIS PRIVATE EQUITY FUND V SCSP
The Fund is managed by Genesis GP5 Sarl.
EBRD Finance Summary
EUR 25,000,000.00
Total Project Cost
EUR 250,000,000.00
Additionality
EBRD continues to support fund managers operating in Central and Eastern Europe where the fundraising environment remains challenging.
Environmental and Social Summary
Categorised FI (ESP 2024). Environmental and Social (E&S) Due Diligence, conducted via questionnaire, reviews of the indicative pipeline and publicly available information, demonstrated that the Fund Manager has the capacity to implement EBRD's Environmental and Social Requirements (ESRs) 2, 4 and 9. The Fund Manager is a signatory of the UN PRI, and has comprehensive procedures in place to screen, assess, monitor and report on E&S risks associated with the targeted investments. Appropriate information of the environmental and social management system has been disclosed, and satisfactory occupational health & safety procedures are in place. The Fund Manager will be required to have a Human Resources policy, apply the EBRD E&S exclusion list and implement environmental and social risk management procedures commensurate to the level of risks of the contemplated portfolio. Investments made by the Fund will need to comply with the applicable legal requirements on environment, social, health & safety and labour; any Category A investment would need to be referred to the EBRD and comply with ESRs 1 to 8 and 10. The Fund Manager will provide annual E&S reporting to the EBRD on compliance with applicable ESRs and any other E&S matters arising during the year.
The project is determined aligned with mitigation and adaptation goals of the Paris Agreement based on the application of the EBRD's Paris alignment approach for Equity Funds. The project is determined aligned as the client does not have activities that are high-emitting or climate vulnerable. The alignment determination is based on the application of pillar 1 (counterparty commitment to the Paris Agreement). 60% of the EBRD financing is classif
