Venture capital funds may play a bigger role in the EU’s quest to jump-start 75 billion euros ($80 billion) in investment funding for small and medium-sized businesses, EU Commission Vice President Jyrki Katainen said. The EU has earmarked a quarter of its investment plan to help smaller companies, while also seeking private investors to join forces in financing and project management. The Luxembourg-based European Investment Fund last month announced a 1 billion-euro pact aimed at helping venture capital and mid-market funds pursue new deals.
