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FMO approves $6m commitment

The Dutch development bank has backed a venture capital fund supporting Armenian SMEs.

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Institution: FMO
Headquarters: The Hague, Netherlands
AUM: €9.41bn
Allocation to alternatives: 68.60%
Bitesize: €10m-50m

FMO has agreed to commit $6 million to EU-Armenia SME Fund. The fund is managed by Amber Capital and will invest in SMEs in Armenia with a sector-agnostic strategy.

The €9.41 billion Dutch development bank has a 30.6 percent allocation to private equity.

As illustrated in the chart below, FMO’s recent fund commitments have focused on a range of sectors across Asia-Pacific and the Middle East / Africa.

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