April 2016: creation of EDFI MC

The EDFI Management Company SA (EDFI MC) was established in April 2016 as an initiative of European Development Financial Institutions, on behalf of 15 DFIs, as a full subsidiary of the EDFI Association in Brussels (BIO holding 1% as second shareholder required in Belgium). The direct reason for the creation of EDFI MC was to manage €75m of ElectriFI funding (sub-delegated by FMO), as the first instance of the DFI group managing delegated funding from the EU blending instruments. The EC was strongly pushing DFIs to take up such mandates.

December 2017: growth of assets under management

After committing in December of 2016 an additional €42m to ElectriFI, an important new milestone was hit in December 2017 when both the first 4 country windows were contracted with ElectriFI (an additional €85m; via FMO) as well as AgriFI (€39m; via FMO). Assets under management increased to nearly €246m.

2018: new focus on the engagement with DFIs

The significant increase in assets under management led to re-visiting the mission and scope of EDFI MC. A new focus was put on the engagement with DFIs and support for DFI investments.

The 2018-2020 EDFI MC strategy included the target to firmly anchor EDFI MC managed programmes in the common interest of EDFI members and to strengthen the company with implementation capacity as well as legal and financial exposures, setting up an organization, processes and infrastructure warranting DFI quality.

2020: synergy with EDFIs – addition of EFP and ICCF

Efforts were made to create synergies between the EDFI MC strategy and the investment activities of EDFI asbl members in areas of common interest, contributing to leveraging and improving their activities. In this context, in the course of 2020, the administration services to the European Financial Partners (EFP) and the Interact Climate Change Facility (ICCF) were transferred from the EDFI Association to the EDFI MC.

2021: Team Europe

The prospect of a new EU multiannual financial framework (MFF 2021-2027) with a large window under EFSD+ guarantees in the open architecture, created an opportunity space for all DFIs to become an essential part of “Team Europe” and the EU’s open access model. EDFI MC was meant to become an essential gateway for DFIs to access blended finance solutions and to play a significant role in European DFI’s EU Partnership Plan.

Three business lines were distinguished:

• Market Development Facilities
• Risk Sharing Facilities or guarantees
• Co-financing Facilities

Jul 2022: MSME platform programme

In July 2022, EDFI MC signed with the European Commission the Guarantee Agreement to manage the €80 m MSME Platform Programme. The end of the year became an inflection point as the European Commission allocated 1.39€b under the EFSD+ to the EDFI community through EDFI MC.