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Emerging Manager Facility

Emerging Manager Facility

  • KfW Capital invests in smaller private funds managed by women or gender-diverse teams.
  • KfW Capital invests in emerging manager VC funds only after successful completion of a standard market due diligence (DD) process under the same terms and conditions as private fund investors.

  • The target funds must meet at least one of the following three criteria:
    • The management team consists of at least one-third female and/or non-binary individuals, or
    • The senior investment team consists of at least 40% female and/or non-binary individuals, or
    • The investment committee, as the body f the fund that decides on its investments/investment activities, is composed of at least 40% female and/or non-binary individuals.
  • The target funds have a maximum size of EUR 50 million fund volume.
  • The target funds have their fund domicile in Europe.
  • The target funds invest at least the amount of our commitments into young, innovative technology-oriented growth companies based in Germany.

Further information about the "EMF" can be found in the press statement: Press statement about the "Emerging Manager Facility"

Are you a VC fund and have questions about the programs? Contact us at .

More information regarding the Zukunftsfonds: BMWK – Future Fund.

In addition, KfW Capital is a large investor in the High-Tech Gründerfonds and in coparion alongside the Federal Ministry for Economic Affairs and Climate Action (BMWK).