The European Energy Efficiency Fund (EEEF) is a public-private partnership open to investments from institutional investors, professional investors and other well informed investors within the meaning of the Luxembourg SIF law. In particular targeted investors are donor agencies, governments, international financial institutions, and professional private investors.
EEEF aims to provide commercial returns to its investors. The returns of its shares follow a waterfall principle and allow investments into three different categories:
C-Shares bear the highest risk (“First Loss”) and serve as a risk buffer for the more senior share categories.
B-Shares rank senior to C-Shares and are remunerated on a 6m Euribor + Spread basis. Depending on the Fund's profitability, complementary dividends are possible.
A-Shares rank senior to B-Shares and are also remunerated on a 6m Euribor + Spread basis, however at a lower level than B-Shares to allow for risk/return adjustments. Depending on the Fund's profitability, complementary dividends are possible.
In addition, Notes may be issued in the future. They rank senior to shareholders, but junior to all other creditors of the Fund.