Who we are
EDFI Management Company
EDFI Management Company (EDFI MC) was established in 2016 on behalf of EDFI Association’s members.
EDFI MC delivers development finance solutions that enable European DFIs, development banks and private sector investors to increase the scale and impact of their work. The company focuses on business models, technologies and geographies where other investors have not been able to operate at the desired scale given their resources and investment criteria.
EDFI MC VISION: to improve people’s lives in countries where the need is greatest through growth in private sector enterprises that deliver high development impact.
EDFI MC MISSION: to deliver development finance solutions that enable DFIs and private sector investors to invest more and in higher risk projects than they would otherwise be able to do.
EDFI MC structures its offering across three different product lines:
- Co-financing Facility Management. In line with EDFI MC mandate to promote partnerships and closer cooperation with the EU, it manages co-financing facilities involving AFD and EIB. EDFI MC ensures the coordination of joint investments through the European Financing Partners (EFP) and the Interact Climate Change Facility (ICCF). It offers swift and efficient administration of the co-investment process. This system enables DFIs to invest more easily alongside one-another and help mobilise funds to deliver larger-scale projects.
- Risk Sharing Facility Management. As a multi-stakeholder platform, EDFI MC facilitates access to EU risk sharing programs for all the DFIs to create incentives for additional investments while ensuring that no single member enjoys an unfair advantage. EDFI MC manages and coordinates the use of these facilities that benefit from concessional financing so that all European DFIs can obtain access to blended finance on par with multilateral DFIs.
- Blended Finance Facility Management. EDFI MC focuses on sectors, such as renewable energy or smallholder finance, that share a common interest among DFIs, that present extraordinary social and environmental benefits and where there is currently insufficient capital in the market. Through the ElectriFI and AgriFI facilities, EDFI MC provides early-stage businesses operating in developing countries with equity and long-term debt financing.
The EDFI MC staff amounts for a total of 40 employees. The organisation is composed of specialised investment professionals, organised around the three types of facilities, relying on the support of various departments, namely: finance and risk, a legal and compliance E&S and impact, and communications. In parallel, EDFI MC works in close operational partnership with interested DFI to originate, structure, contract, monitor and exit from investments with the expectation of generating a pipeline for future DFI activity.
The EDFI Management Company is registered as a legal entity under the laws of Belgium.
Since May 2021, EDFI MC is owned directly by nine European DFIs (BIO – Belgium, Cofides – Spain, DEG – Germany, Finnfund – Finland, FMO – Netherlands, IFU – Denmark, OeEB – Autria, Proparco – France, Swedfund – Sweden) and the EDFI Association in equal shares.
The strategic direction for the Management Company is set by EDFI on behalf of its members and is aligned with their interests. The Board of Directors of the Management Company consists of up to 7 members, is nominated by the Board of Directors of EDFI, and includes one EDFI Board Director. It is chaired by EDFI’s General Manager and carries out internal control based on regular reporting. Most board members are appointed at the investment executive level.
The Managing Director is responsible for the daily operations, overseeing programmes, and developing the company’s capacities and opportunities for new mandates.
Building on the collective knowledge and experience of EDFI members to develop EDF IMC business and support successful delivery is a key to its success. EDFI MC engages actively with EDFI members and shares its investment plans and opportunities for cooperation.
Søren Peter Andreasen
Deputy CEO, IFU & Chairman, EDFI MC
Søren Peter Andreasen is Deputy CEO of IFU, the Danish DFI. He was previously the General Manager of EDFI. Before joining EDFI in 2016, Søren worked for 15 years in the consulting industry with a specialisation in development, finance, and investment in emerging markets. Søren holds a master’s degree in public policy from Harvard University. He started his professional career with the United Nations (UN) Secretariat in New York before he joined McKinsey & Company in Copenhagen and subsequently co-founded the consulting firm Dalberg Global Development Advisors.
Head of the Banking and Financial Markets Division, PROPARCO
Guillaume Barberousse is head of the Banking and Financial Markets Division at Proparco. After beginning his career at BNP Paribas, he joined Proparco’s Risk and Portfolio Division in 2007, prior to being appointed Deputy director of the Corporate Division, where he was responsible for agribusiness. He managed the Istanbul office from 2013 to June 2016. Guillaume Barberousse is an agronomist and holds a Masters in Finance from the ESCP Business School.
General Counsel / Chief Compliance Officer, DEG
Markus M. Gabbert is General Counsel and Chief Compliance of DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH. Markus has more than 20 years of banking and emerging market experience; his principal areas of practice include banking related regulatory matters, corporate governance, general corporate and commercial law, private equity, project finance transactions, syndicated lending, guarantee and junior debt structures. He is a member of the German-South African Lawyers Association. Before joining DEG, Markus worked in international law firms and for a chartered accountant firm in Hamburg, Cologne and London; specializing on consulting investors, international banks and insurers. Markus is admitted to the Regional Court of Cologne in Germany and studied macroeconomics, political science and law. He earned his first State Exam from the University of Bonn and a Second State Exam from Düsseldorf.
Chief Investment Officer, BIO
Carole Maman is Chief Investment Officer of BIO. She joined BIO in 2003 as investment officer for Africa and afterwards headed the Financial Sector Department.
Previously Carole had worked during 4 years for the International Finance Corporation/IFC in Washington for the Latin America Department and the Health and Education Department.
She started her professional career in Mergers and acquisitions advisory services in Paris.
Carole Maman has a Master of Science of Management from ESSEC (Ecole Supérieure des Sciences Sociales, Economiques et Commerciales), Paris.
The EDFI Management Company is based in Brussels. The daily operations are overseen by the Managing Director. He is assisted by a management team and specialised Investment Officers, dedicated to the various projects.
Chief Investment Officer
Chief Financial Officer
Peter De Roo
Senior Sustainability and Impact Officer
EU Mandate Expert
Aleix Jolis Rosell
Financial Analyst - EFP & ICCF
Didier Kibangu Niati
Senior Communications Specialist
Pere Joan Ribas Barcelo
Manager Co-Financing and Guarantees
Mimsy Van Bokkelen
General Counsel & Compliance Officer
Toep Van Mierlo
Senior Legal Counsel (on leave)
Funds under management
EDFI MC has been set up to manage delegated funding from the EU and co-financing instruments for European DFIs.
EDFI MC manages two EU-funded market development facilities EDFI AgriFI – The Agriculture Financing Initiative and EDFI ElectriFI – The Electrification Financing Initiative, in partnership with FMO. It also administrates two co-financing facilities among European DFIs, the European Investment Bank (EIB) and Agence Francaise de Developpement (AFD): the European Financing Partners (EFP) and the Interact Climate Change Facility (ICCF). In addition, the EDFI MC administers risk-sharing facilities, such as the T&C guarantee to tackle transferability and convertibility issues (in partnership with Proparco) and new guarantee facilities under the European Fund for Sustainable Development (EFSD+) such as the MSME guarantee.
For any questions about this policy, please get in touch with us by e-mail at firstname.lastname@example.org.
EDFI MC’s Grievance Mechanism is established to respond to legitimate concerns and grievances by individuals and their representatives who are adversely impacted by EDFI MC’s investments.
The mechanism offers the channel of addressing these complaints.
Operating Principles for Impact Management: EDFI MC Disclosure Statement
EDFI is a founding signatory to the Operating Principles for Impact Management (the Impact Principles). The Impact Principles provide a reference point against which the impact management systems of funds and institutions may be assessed. They draw on emerging best practices from a range of asset managers, asset owners, asset allocators, and development finance institutions.
The EDFI Management Company (EDFI MC) is sharing this Disclosure Statement as part of its commitment to publicly disclose alignment with the Impact Principles. This Disclosure Statement affirms that EDFI MC’s core/client business, including (a) impact management systems; (b) policies and practices; and (c) investment services (including debt, equity, and blended finance instruments) are managed in alignment with the Impact Principles.