Strategic Investment Fund
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Country: France Established: 2008 US$ Billion: 28 |
Origin: Non-Commodity Entity Structure: Fund |
Summary:
Known locally as Le Fonds stratégique d’investissement (FSI), it was established in late November 2008. The Strategic Investment Fund (SIF) was created to enhance equity and to help stabilize French firms. SIF will be managed by Caisse des Dépôts. The SIF will be a French public limited company (société anonyme), a subsidiary of Caisse des Dépôts, and controlled by it, whose accounts will be consolidated with those of Caisse des Dépôts. The FSI is 49% owned by Government of France and 51% Caisse des Depots et Consignations.
In the beginning, SIF was endowed with 20 billion Euros contributed at par by Caisse des Dépôts from its equity (general section) and by the French State: 14 billion Euros in securities and 6 billion Euros in cash.
