European Way to Sovereign Funds: A Comparison among CDP, KfW, and CDC

Guido Corbetta and Gimede Gigante

Chapter Chapter 17 in Public Private Partnerships for Infrastructure and Business Development, 2015, pp 319-342 from Palgrave Macmillan

Abstract: Abstract Italian Cassa Depositi e Prestiti (hereinafter CDP), German Kreditanstalt fuer Wiederaufbau (hereinafter KfW), and French Caisse des Dépots et Consignations (hereinafter CDC) are typical examples of financial institutions with a mixed public-private investments’ structure concerned primarily with providing a link between the government and the market with an emphasis on long-term projects of public interest. Their main characteristics are: the control is always public, even if more consistent with a private logic, both with reference to the governance both to the performance goals to be achieved; financial resources invested, even collected as debt, can be both public and private; the investments, equity or debt, are devoted to private and public organization.

Keywords: Total Asset; Private Investment; Private Equity; Asset Class; Share Capital (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-54148-2_17

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DOI: 10.1057/9781137541482_17

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