Strategic Investment Fund

France US$ 25.5 Billion Origin: Non-Commodity

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Sovereign Wealth Funds

Public Funds

Established: 2008
Transparency Rating: 9
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Firm Investment Style: Portfolio – Strategic Development SWF
Entity Structure: Fund
Population Est.: 65.7 million – 2012

Fund Details

Main Office
FSI (Fonds Stratégique d’Investissement)
56, rue de Lille
75356 Paris 07 SP
France
Tel: +33 01 58 50 00 00

Governance
The FSI is managed by Caisse des Dépôts.

The FSI’s board of directors has two representatives from the Caisse des Dépôts, two representatives from the government of France and two representatives from the French business community.

Strategic Investment Fund

Summary
Known locally as Le Fonds stratégique d’investissement (FSI), it was established in late November 2008. The Strategic Investment Fund (FSI) was created to enhance equity and to help stabilize French firms.

The FSI is structured as 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 the government of France and 51% Caisse des Depots et Consignations.

Background
During inception, the FSI was endowed with €20 billion contributed at par by Caisse des Dépôts from its equity (general section) and by the French State: €14 billion in securities and €6 billion in cash.