NL Ondernemingsfonds (Dutch Entrepreneurs Fund) new source of financing for businesses

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Combining the strength and expertise of banks and institutional investors

Amsterdam – 13 January 2014 – On the initiative of Euronext Amsterdam, banks, institutional investors and Robeco are joining forces to set up the NL Ondernemingsfonds to provide financing for businesses in the Netherlands. The fund will co-finance company loans. The NL Ondernemingsfonds, the long-term scope of which is projected to reach € 1 billlion, will issue its first loans this year.

The banks ABN Amro, ING and Rabobank, pension providers MN and Syntrus Achmea, asset manager Robeco and Euronext Amsterdam have taken the initiative to set up the NL Ondernemingsfonds, the purpose of which is to create a new source of financing for businesses seeking funds to finance their plans for expansion. The fund is anticipating the recovery of the economy and the resulting increased demand for credit. In the coming weeks other investors will be invited to participate in the initiative.

As from the second half of 2014 businesses will be able to take out a loan from their own bank, which is jointly financed by the bank and the fund. The minimum size of the relevant loans is € 10 million, and they are intended for companies with a turnover of over € 25 million. During subsequent phases of the project, the NL Ondernemingsfonds may also provide financing to smaller companies. The plan is to expand the scope of the fund to € 1 billion within five years. The NL Ondernemingsfonds will focus on institutional investors and be managed by Robeco.

As the intersection of the public capital market, Euronext Amsterdam has taken the initiative to bring these parties together. The participants have combined their strengths and expertise to implement the project, with the help and support of AF Advisors, Deloitte, PwC and the Dutch Bankers Association.

Euronext is the founder of this unique collaboration between banks and investors. Since Euronext is not a bank, it will not be pledging its own funds for loans and will be reimbursed for future costs in facilitating this collaboration.

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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