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NN-FMO Emerging Markets Loan Fund

Luxembourg

Last updated 11 May 2020, by Impactyield.

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FMO Emerging Markets Loan Fund makes investments in agribusiness, energy, financial institutions, agribusiness and renewable energy that reduce the emission of greenhouse gases, create jobs, and provide clean energy in emerging market countries globally.

The investment strategy of the fund is to build a diversified portfolio of loans in Emerging Markets (EM) by co-investing in new loans arranged by FMO – the Dutch development bank - with a [long-term] buy-and-hold philosophy. The fund will invest in four sectors in which FMO has ample experience:

• Financial Institutions;

• Energy;

• Agribusiness, food and water

The fund will co-invest in senior loans with FMO to ensure a strong alignment of interests between the investors in the fund and FMO. The fund will include loans in USD and EUR only. The loans will have fixed maturity dates and mostly will have floating rate interest and amortizing repayment profiles.

The fund will follow FMO’s impact reporting based on the following indicators: jobs supported,green house gas emissions avoided, number of SME’s reached, number of small holders reached, power production and number of people connected to electricity.


Asset class

,

Fund style

Not listed


Financial description

Financial return: This is aimed to be achieved through thorough asset selection in combination with solid risk management, underpinned by the regulated bank status of FMO. FMO’s representative loan portfolio shows an average annual gross return of 6.15% (period 2009 – 2014). This fund enables its participants to diversify their fixed income portfolio by creating exposure to a new type of borrowers in relevant sectors in a large variety of emerging economies.

6 years

of track record

2017

the year funded

500,000,000 USD

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

FMO

Website

Headquarters location:

SDG goals

SDG targets

Expand and upgrade energy services for developing countries

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: FMO

Product track record: Fund has 6 years of track record

Target IRR: 5%

Committed Capital: 0 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2017

Vintage year: 2017

Target region: , ,

Target close date: 01/04/2017

Product term: 15 year

Assets under management: 500,000,000 USD (US Dollar)

Investment size: Min: 5,000,000; Max: 10,000,000; Avg: 7,500,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 1%

Carried interest: n.a.

Hurdle rate: 0%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Endowments/Foundations, Pension Funds, Other Institutional Investors

Contact

E-mail: n.a.

Website: http://www.fmo-im.nl/en/emerging-markets-loans-fund

Phone number: +31 70 314 97 92

If you wish to have your details removed from this database please email gdpr@impactyield.com


Erik Smeets

Investment Manager

Nic Wessemius

Business Development Manager

Impact Performance

n.a.

Impact thesis

The fund will follow FMO's impact reporting on outcomes such as jobs supported, greenhouse gas emissions avoided number of SME’s reached, number of small holders reached, power production and number of people connected to electricity. Together with a consultant FMO has developed an impact model which measures both direct and indirect effects of its financing. The results will be audited and integrated in the FMO annual report.

Impact Management

n.a.

Financial benchmark

Term Description:

Keywords