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Fund geography
ANMF is a regulated and semi-open-ended fund, established by ASN Bank and Oxfam Novib in 1999, managed by Triple Jump. The fund invests in Micro Finance Institutions (MFIs) and financial intermediaries in developing countries, enabling them to finance the growth of their investment and credit portfolio. ANMF is the first mutual retail fund that invests in MFIs in the Netherlands.
Asset class
Fund status
Fund style
Not listed
Financial description
The Fund is an open-ended investment institution which has been structured as an open-ended mutual fund that invests in MFIs and other financial intermediaries in Developing Countries. An entrepreneur who is unable to approach a bank may obtain a small loan from an MFI to start up his own business, for example.
The Fund invests in two ways. It can lend money to an MFI, on the one hand. This occurs in the form of a private loan, unless this is impossible due to local regulations or market practices. The MFI then provides loans to small-scale businesses and investment projects in Developing Countries, particularly those that have been approved under the terms of the Socio-ethical Project Regulations 2005. On the other hand, the Fund may acquire a Participating Interest in an MFI. This means that the Fund acquires a holding in the equity of that MFI.
25 years
of track record
1999
the year funded
500,000,000 EUR
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Key performance indicators
Fund overview
Asset manager: Triple Jump
Product track record: Fund has 25 years of track record
Target IRR: 2%
Committed Capital: 249,000,000 EUR (Euro)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: Netherlands
Product status: Open - committed capital
Style/Stage:
Inception year: 1999
Vintage year: 1999
Target region: Emerging countries
Target close date: n.a.
Product term: Open-ended
Assets under management: 500,000,000 EUR (Euro)
Investment size: Min: 250,000; Max: 6,000,000; Avg: 1,800,000
Co-investment policy:
Currency of investments: EUR (Euro)
Currency for fund / product figures: EUR (Euro)
Fund investments to date: 172
Fund investments to date exited or repaid: 0
Management fee: 2.7%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Retail investors
Limited Partner / Investor Type: Retail Investors
Contact
E-mail: informatie@asnbank.nl
Website: http://www.asnbank.nl/index.asp?NID=9401
Phone number: +31 20 7600636
If you wish to have your details removed from this database please email gdpr@impactyield.com
Geert van Asbeck
PR and Communications Officer
Mark van Doesburgh
Managing Director
Impact Performance
n.a.
Impact thesis
The ASN-Novib Fund invests in microfinance institutions, savings and credit co-operatives, banks and investment funds that provide credit to small-scale entrepreneurs that are deemed to have proven entrepreneurial capacity. The goal of the fund is to encourage broader participation by all types of entrepreneurs in the market economies of developing countries.
TripleJump started reporting to the UNPRI in 2012.
Impact Management
n.a.