Minutes Of Meeting Dated 21 June 2021 (ref. BD/MIN/378/2021)
Choose an item.BD/380/2121 July 2021Item 1 For approvalMinutes of meeting dated 21 June 2021(ref. BD/MIN/378/2021)Parts of this document may have been redacted if, at the time of the Board’s decision, falling under theexceptions for disclosure defined by the EIF Transparency Policy*, notably under articles 5.4, 5.5 and 5.6.* http://www.eif.org/news centre/publications/EIF Transparency policy.htm?lang -en0
Public 1BD/MIN/378/2021Board of DirectorsMeeting held via teleconference on Monday 21 June 2021 at 13.45AgendaQUORUMAPPROVAL OF AGENDADoc. 21/174APPROVAL OF MINUTES1.Board meeting dated 11 May 2021BD/MIN/375/20212.Closed meeting with the Audit Board dated 11 May 2021*3.Written procedure dated 26 May 2021BD/MIN/WP/376/20214.Written procedure dated 2 June NSAgenda AEquity5.LSP 7 Cooperatief UADoc. 21/1756.South Central Ventures Technology Fund III C.V.Doc. 21/176Loan Funds7.Bright Capital Credit Fund IIIDoc. 21/177Diversified Debt Funds8.P Capital Partners Transition Partner FundDoc. 21/178Pan-European Guarantee Fund – Senior Private Credit FundsGuarantees9.IGLOO Platform (Italy)Doc. 21/179Credit enhancement (EIF own risk)10.[ ]11.[ ]12.Framework Approval set n.1 – increased allocationsDoc. 21/182Pan-European Guarantee Fund – Uncapped (Counter-)Guarantees13.[ ]14.Bank Polska Kasa Opieki S.A. (Poland)Doc. 21/184Pan-European Guarantee Fund – Capped Guarantee15.Framework Approval set n.1 – increased allocationsDoc. 21/185Pan-European Guarantee Fund – Capped (Counter-)GuaranteesMandates and Products16.LfA-EIF 3 Facility – increaseDoc. 21/18617.Standardised NPI Mandate with Banco Português de Fomento I (FCQC) –second increaseDoc. 21/18718.ESIF EAFRD Nouvelle Aquitaine FoF – increaseDoc. 21/18819.ESIF Midi-Pyrénées EAFRD – increaseDoc. 21/189
Public 2BD/MIN/378/2021Agenda BEquity20.Eurazeo Growth Fund III S.L.P.Doc. 21/17121.Pioneer Infrastructure Partners SCSpDoc. 21/19022.[ ]23.Magnum Capital III SCA SICAV-RAIF – additional commitmentDoc. 21/192Diversified Debt Funds24.Anthilia BIT (Bond Impresa Territorio) IVDoc. 21/193Pan-European Guarantee Fund – Senior Private Credit FundsGuarantees25.Hellenic Bank Public Company Limited (Cyprus)Doc. 21/194Pan-European Guarantee Fund – Uncapped Guarantee26.[ ]27.BNF Bank plc (Malta)Doc. 21/195SME Initiative Guarantee Facility - MaltaCORPORATE AND INSTITUTIONAL MATTERS28.EIF Operational Plan 2021 – mid-year review*Doc. 21/19629.Building EIF 4.0: EIF Online Marketplace – Digital and Data Strategy UpdateDoc. 21/19730.EIB Group Internal Audit CharterDoc. 21/19831.EIB Group Evaluation Policy1Doc. 21/199FOR INFORMATION32.EIB Operations Evaluation:Evaluation of the European Fund for Strategic Investments 20212Doc. 21/20033.EIF Information Security Regular UpdateDoc. 21/20134.Monthly update on EIF limits and liquidity ratiosDoc. 21/20235.Communication and marketing updateDoc. 21/20336.Board follow-up programmeDoc. 21/204MISCELLANEOUS / STATEMENTSDATE OF NEXT MEETING: WEDNESDAY 21 JULY 2021*Late dispatch1Accompanied by presentation, supporting doc. 21/205Accompanied by presentation, supporting doc. 21/2062
Public 3BD/MIN/378/2021Meeting attendanceMembersAlternate membersW. HOYER, ChairmanA. FAYOLLEM. DESCHEEMAECKERM. PETROVA1K. SCHREIBERM. SCHULTEE. WITTA. EBERHARDSE. KREIVIJ.-C. LALOUXM. SCICLUNA BARTOLIChief ExecutiveDeputy Chief ExecutiveA. GODARDR. HAVENITHSecretaryM. LEANDER1Acting as full member, pending the appointment of the successor to C. DIAZ ALVAREZ DE TOLEDO
Public 4BD/MIN/378/2021The meeting Board of Directors ("Board") opened at 13:50.QuorumThe SECRETARY confirmed that there was a quorum, noting that Ms. PETROVA was acting as fullmember at the meeting, pending the appointment of a successor to Ms. DIAZ ALVAREZ DE TOLEDO.The SECRETARY stated that, further to the resignation of the former Chairman, Mr. SCANNAPIECO, inconnection with his departure from the European Investment Bank, the proposal to appoint Mr. HOYER asmember of the Board had been submitted to the General Meeting for decision. She recalled that, inaccordance with Article 14.4 of the Rules of Procedure, a nominee could exercise the function of Boardmember in advance of the General Meeting's decision and, in that context, Mr. HOYER was welcomed to themeeting. Moreover, in accordance with Article 14.2 of the Rules of Procedure, the Board was required toelect a new Chairman, to be decided by majority vote. The Board voted unanimously in favour of theelection of Mr. HOYER as Chairman.The CHAIRMAN thanked the Board and advised that his term as Board member was only foreseen for aninterim period, during which changes to the composition and different responsibilities of the EIB'sManagement Committee were anticipated. He referred to significant ongoing work towards the strengthenedalignment between the EIB and the EIF. He noted the EIF's key role within the EIB Group in contributing toEU objectives, not least in terms of climate and environmental ambitions. He also underlined the importanceof the Group adapting to changing market realities and new technologies. The CHAIRMAN concluded bystating the need to achieve the right balance within the Group, between appropriate regulatory oversight bythe EIB and the EIF's ability to retain its agility.The CHAIRMAN invited the former Chairman, Mr. SCANNAPIECO, to join the meeting, having beenunable to address the Board before his departure. Looking back over his nine years as Chairman of theBoard, Mr. SCANNAPIECO warmly thanked the Board, EIF management and staff for their support andcommitment and concluded by wishing the EIF continued success going forward.The CHAIRMAN thanked Mr. SCANNAPIECO for his valuable contribution to the EIF's development andsuccess as well as to the EIB Group as a whole.Approval of agendaThe Board of Directors adopted the agenda as presented in document 21/174, including the clarification thatitem 29, Building EIF 4.0: EIF Online Marketplace – Digital and Data Strategy Update, would be presentedonly for information at this stage.[ ]
Public 5BD/MIN/378/2021Approval of minutes1.Board meeting dated 11 May 2021The Board of Directors approved the minutes of the Board meeting dated 11 May 2021,ref. BD/MIN/375/2021 and took note of the forthcoming publication on the EIF's website.2.Closed meeting with the Audit Board dated 11 May 2021The Board of Directors approved the confidential minutes of the meeting with the Audit Board dated11 May 2021, ref. BD/MIN/CONF/375/2021.3.Written procedure dated 26 May 2021The Board of Directors approved the minutes of the written procedure dated 26 May 2021,ref. BD/MIN/WP/376/2021.4.Written procedure dated 2 June 2021The Board of Directors approved the minutes of the written procedure dated 2 June 2021,ref. BD/MIN/WP/377/2021.OperationsAgenda AEquity5.LSP 7 Cooperatief UAPan-European Guarantee Fund ("EGF") – Target Fund Size Facility, German Future Fund ("GFF") – EIFGrowth Facility, Risk Capital Resources, Dutch Future Fund, LfA – EIF 3 Facility, own resourcesVenture capital fund focusing on early, development and growth stage life sciences investments primarily inthe EU, with a main focus on the Netherlands, Belgium (Flanders) and GermanyThe Board of Directors approved an investment, on the terms and conditions set out in document 21/175.
Public 6BD/MIN/378/20216.South Central Ventures Technology Fund III C.V.EGF - Target Fund Size FacilityVenture capital fund focusing on early-stage ICT investments with a focus on B2B software companiesprimarily in Croatia, Slovenia and Serbia, and to a lesser extent, Albania, Bosnia and Herzegovina, Kosovo,North Macedonia and MontenegroThe Board of Directors approved an investment, on the terms and conditions set out in document 21/176.Loan Funds7.Bright Capital Credit Fund IIIEGF – Selective Loan Funds Facility, Mezzanin Dachfonds für Deutschland 2 or, alternatively,EGF – Selective Loan Funds FacilityGeneralist selective loan fund focusing on lower mid-market investments primarily in GermanyThe Board of Directors approved an investment, on the terms and conditions set out in document 21/177.Diversified Debt Funds8.P Capital Partners Transition Partner FundEGF – Senior Private Credit FundsDiversified debt fund providing senior financing with a focus on SME and (small) mid-caps primarily in theNordic and DACH regions, with a focus on Sweden and GermanyThe Board of Directors approved an equity investment [ ], on the terms and conditions set out indocument 21/178.Guarantees9.IGLOO Platform (Italy)Credit enhancement (EIF own risk)Securitisation transaction on a portfolio of loans to enhance access to finance for SMEs and mid-caps in ItalyThe Board of Directors approved the operation, on the terms and conditions set out in document 21/179.10.[ ]11.[ ]
Public 7BD/MIN/378/202112.Framework Approval set n.1 – increased allocationsEGF - Uncapped (Counter-)GuaranteesDirect (counter-)guarantees to enhance access to finance for small European businesses affected by theCOVID-19 crisisThe Board of Directors approved an aggregate increase of the maximum guarantee amounts with respect to anumber of existing agreements, on the terms and conditions set out in document 21/182.13.[ ]14.Bank Polska Kasa Opieki S.A. (Poland)EGF - Capped GuaranteeDirect guarantee to enhance access to finance for SMEs affected by the COVID-19 crisis in PolandThe Board of Directors approved a maximum guarantee cap amount, on the terms and conditions set out indocument 21/184.15.Framework Approval set n.1 – increased allocationsEGF - Capped (Counter-)GuaranteesDirect (counter-)guarantees to enhance access to finance for small European business affected by theCOVID-19 crisisThe Board of Directors approved an aggregate increase of the maximum guarantee cap amounts with respectto a number of existing agreements, on the terms and conditions set out in document 21/185.Mandates and Products16.LfA-EIF 3 Facility – increaseLfA Förderbank Bayern resources, EIF-managed resourcesIncrease of the existing facility managed by the EIF to support venture capital funds with presence in and/orfocusing on Bavaria (Germany) investing in early and growth stage SMEsThe Board approved an increase of the existing facility, as presented in document 21/186.17.Standardised NPI Mandate with Banco Português de Fomento I (FCQC) –second increasePortuguese public funding channelled via Banco Português de FomentoFurther increase of the existing mandate and creation of three new thematic windows to support thecapitalisation of Portuguese companies through primary fund investmentsThe Board approved an increase and the creation of three new thematic windows under the existing mandate,as presented in document 21/187.
Public 8BD/MIN/378/202118.ESIF EAFRD Nouvelle Aquitaine FoF – increaseRegion Nouvelle-Aquitaine and EAFRD resourcesIncrease of the existing mandate to support the competitiveness and growth of farmers in the RegionNouvelle-Aquitaine, France, and promote organic and sustainable agriculture under the EU CohesionPolicyThe Board approved an increase and certain modifications to terms of the existing mandate, as presented indocument 21/188.19.ESIF Midi-Pyrénées EAFRD – increaseRegion Occitanie and EAFRD resourcesIncrease of the existing mandate to support the competitiveness and growth of farmers in the RegionOccitanie, France, and promote organic and sustainable agriculture under the EU Cohesion PolicyThe Board approved an increase of the existing mandate, as presented in document 21/189.Agenda BEquity20.Eurazeo Growth Fund III S.L.P.GFF-EIF Growth Facility, EGF - Target Fund Size Facility, Risk Capital Resources, own resourcesPan-European venture capital fund focusing on growth expansion stage ICT investments[ ]The Board of Directors approved an investment, on the terms and conditions set out in document 21/171.21.Pioneer Infrastructure Partners SCSpEIB Infrastructure and Climate Funds or, alternatively,EIB Infrastructure and Climate Funds, InvestEU Climate and Infrastructure FundsInfrastructure fund focusing on climate and environmental projects primarily in EU-27The Board of Directors approved an investment, on the terms and conditions set out in document 21/190.22.[ ]
Public 9BD/MIN/378/202123.Magnum Capital III SCA SICAV-RAIF – additional commitmentEGF – Target Fund Size FacilityGeneralist private equity fund focusing on lower mid-market investments in Spain and PortugalThe Board of Directors approved an additional commitment, on the terms and conditions set out indocument 21/192.Diversified Debt Funds24.Anthilia BIT (Bond Impresa Territorio) IVEGF – Senior Private Credit FundsDiversified debt fund providing mini-bond financing primarily to SMEs and small mid-caps in ItalyThe Board of Directors approved an equity investment [ ], on the terms and conditions set out indocument 21/193.Guarantees25.Hellenic Bank Public Company Limited (Cyprus)EGF - Uncapped GuaranteeDirect guarantee to enhance access to finance for SMEs and small mid-caps affected by the COVID-19 crisisin CyprusThe Board of Directors approved a maximum guarantee amount, on the terms and conditions set out indocument 21/194.26.[ ]27.BNF Bank plc (Malta) – increased allocationSME Initiative Guarantee Facility - MaltaDirect guarantee to enhance access to finance for SMEs in MaltaThe Board of Directors approved an increase of the maximum guarantee amount with respect to an existingagreement, on the terms and conditions set out in document 21/195.
Public 10BD/MIN/378/2021Corporate and institutional matters28.EIF Operational Plan 2021 – mid-year reviewThe CHIEF EXECUTIVE presented the revised Operational Plan for 2021.[ ]The Board of Directors endorsed in principle the revised Operational Plan for 2021, as presented indocument 21/196, and concluded that an updated version, incorporating some editorial changes, as discussedat the meeting, would be submitted for approval by written procedure.29.Building EIF 4.0: EIF Online Marketplace – Digital and Data Strategy Update[ ]The Board of Directors took note of the presentation on Building EIF 4.0: EIF Online Marketplace – Digitaland Data Strategy Update, as presented in document 21/197, and agreed that a follow-up discussion orseminar should be scheduled in connection with a forthcoming meeting.30.EIB Group Internal Audit CharterThe DEPUTY CHIEF EXECUTIVE outlined the key terms of relevance to the EIF.The HEAD OF INTERNAL AUDIT recalled that the existing EIF Internal Audit Charter had been approvedby the Audit Board, whilst the proposed EIB Group Internal Audit Charter had been subject to consultationwith the Audit Board, but escalated to the Board of Directors for approval. Subject to approval, theEIB Group Internal Audit Charter would be published on the EIF's and the EIB's respective websites.The Board of Directors approved the EIB Group Internal Audit Charter, as presented in document 21/198.31.EIB Group Evaluation PolicyThe INSPECTOR GENERAL presented the slides outlining the background, rationale and key provisions ofthe EIB Group Evaluation Policy. He advised that the policy had been approved by the EIB's Board ofDirectors the previous week.The Board of Directors approved the EIB Group Evaluation Policy, as presented in document 21/199 andtook note of the accompanying presentation in document 21/205.
Public 11BD/MIN/378/2021For information32.EIB Operations Evaluation: Evaluation of the European Fund for StrategicInvestments 2021The DEPUTY CHIEF EXECUTIVE introduced the evaluation and recalled the EIF's success in havingapproved the entire EUR 10.75bn guarantee allocation across over 810 operations and expected to mobiliseinvestment volumes of some EUR 232bn within the overall EUR 500bn objective.S. BERNABE outlined the conclusions of the evaluation, the clearly positive findings as concerned the EIF'simplementation and highlighted the main lessons learned. She concluded that, by the end of June, and asrequired by the EFSI Regulation, the evaluation would be communicated to the European Parliament,Council and EC, together with an analysis of the EIF's and the EIB's economic research departments on themacro-economic impact of EFSI on growth and employment and access to finance for SMEs.The Board welcomed the report and satisfaction was stated for the successful EIB Group – EuropeanCommission collaboration on EFSI and the valuable contribution of EIF staff towards the EIF's significantdeployment achievements. The Board also commented on the importance of applying lessons learned onadditionality, transparency, flexibility and cooperation with NPIs to InvestEU.The Board of Directors took note of the EIB Operations Evaluation: Evaluation of the European Fund forStrategic Investments 2021, as presented in document 21/200, as well as the accompanying presentation indocument 21/206.33.EIF Information Security Regular UpdateThe Board of Directors took note of the EIF Information Security Regular Update, as presented indocument 21/201.34.Monthly update on EIF limits and liquidity ratiosThe Board of Directors took note of the monthly update on EIF limits and liquidity ratios, as presented indocument 21/202.35.Communication and marketing updateThe SECRETARY proposed that a detailed presentation of the latest communication and marketing updatebe scheduled later in the year, not least in order to allow reporting on the collaboration with EIBCommunications for the EGF and InvestEU communication campaigns.[ ]The Board of Directors took note of the communication and marketing update, as presented indocument 21/203.36.Board follow-up programme[ ]The Board of Directors took note of Board follow-up programme, as presented in document 21/204.
Public 12BD/MIN/378/2021Miscellaneous / statementsThe Board of Directors was briefed on a number of relevant issues.Date of next meetingThe Board of Directors noted that the next meeting was foreseen to take place on 21 July 2021.The meeting was closed at 17:15.Luxembourg, 21 June 2021.The CHAIRMAN(signed)Werner HOYERThe SECRETARY(signed)Maria LEANDER
30. EIB Group Internal Audit Charter Doc. 21/198 31. EIB Group Evaluation Policy1 Doc. 21/199 FOR INFORMATION 32. EIB Operations Evaluation: Evaluation of the European Fund for Strategic Investments 20212 Doc. 21/200 33. EIF Information Security Regular Update Doc. 21/201 34. Monthly update on EIF limits and liquidity ratios Doc. 21/202 35.
Warm-Up Task 3 minutes 5 minutes Game Procedures Review 5 minutes 5 minutes Research and Argument Building 5 minutes 15 minutes Round 1 (eight contenders) 15 minutes 25 minutes Round 2 (four contenders) 10 minutes 20 minutes Round 3 (two contenders) 7 minutes 15 minutes Reflection and Assessment 5 minutes 5 minutes Total 50 minutes 90 minutes
Highland Elementary School 10:20 11:00 45 minutes Science/Social 50 inutes 12:25 Science/Social 50 minutes Science/Social 10:15 Third Grade Science/Social Lunch/Recess 154 minutes 155 minutes 70 minutes Lunch/Recess 60 minutes 45 minutes 100 minutes 11:25 30 minutes 45 minutes 2:20 Master Schedule – Reading/Writing 8:50 – 9:50 Reading .
Grade K 120 minutes Grade 1 120 minutes Grade 2 120 minutes Grades 3-6 90 minutes Grades 3-6 120 minutes Grades 3-6 60 minutes MCGRAW-HILL WONDERS. . 5 Minutes Grammar 15 Minutes Research and Inquiry SMALL GROUPS 35 Minutes ELL:Approaching Level: 15 Minutes 10
2 Minutes SAN ANTONIO 72 Minutes ABIA 6 Minutes HWY 183 5 Minutes HOUSTON 2 Hours 22 Minutes SH-130 9 Minutes IH-35 5 Minutes DALLAS 3 Hours 6 Minutes MOPAC 10 Minutes PHASE TWO E PO PLEASE CONTACT Mark Emerick Senior Vice President 512.499.4934 mark.emerick@cbre.com John Barksdale Senior Vice President 512.499.4976 john.barksdale@cbre.com Ace .
City Council Work Session Meeting Minutes for April 16, 2020 6.c . City Council Meeting Minutes for May 18, 2020 The minutes of the City Council meeting are enclosed for review. Please note, the minutes for March 16, 2020 meeting were delayed due to technical audio issues during this first meeting utilizing virtual meeting technology.
Hostelling International – Canada – Pacific Mountain Region Page 2 of 10 MEETING MINUTES May 24-25 2014 4. Adoption of minutes of last meeting 4.1. April 05-06, 2014 Board Meeting Minutes - B. Kelly reviewed the minutes with no changes made. ON A MOTION DULY MADE, BE IT RESOLVED THAT: the Board minutes
dated 12 June 2007; S/679/2008, dated 22 February 2008; S/690/2008, dated 18 April 2008; S/722/2008, dated 10 December 2008; S/744/2009, dated . the Secretariat prepared an updated version, consistent with C-I/DEC.71*. The updated list is annexed to this Note. . I/DEC.71*, page 3, Annex 1, subparagraph (d) nts and Technical Specifications .
Current 6th Grade Schedules 2-Person Team 3-Person Team Kilbourne MS Homeroom (15 minutes) Block 1 - Math (85 minutes) Block 1 - ELA (88 minutes) Block 1 - Math/Sci. (125 minutes) Block 2 - ELA (85 minutes) Related Arts (44 minutes) Block 2 - ELA/SS (35 minutes) Lunch and Recess (45 minutes) Bloc
