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European Investment Fund hires Dr Harjeet Sandhu as senior investment manager

14/01/2005Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityThe European Investment Fund has strengthened its ERP-EIF Dachfonds team with the appointment of Dr Harjeet Sandhu as senior investment manager life sciences.

Matthias Ummenhofer, head of EIF's ERP team, said, 'We are convinced that technology knowledge, insight and expertise in the focused technology sectors can be considered as a prerequisite of a successful fund of funds investor. Harjeet Sandhu's expertise and background, with significant investment experience in the Life Sciences sector, perfectly matches this requirement.'

Sandhu holds a PhD in molecular biology and has a solid private equity investment experience in European life science companies.

The EIF contributes to the development of SMEs in the EU member states but it does not invest in SMEs directly. It always works through financial intermediaries, chiefly private equity and venture capital funds. As such, it has become the largest investor in European venture capital funds.

The ERP-EIF Dachfonds initiative focuses predominantly on Germany but most of the EIF's activities are spread across the European Union.

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