FMO makes $35m commitment

The Dutch development bank committed to another Africa-focused private equity fund to support mid-sized businesses.

Institution: FMO
Headquarters: The Hague, Netherlands
AUM: €9.00bn
Allocation to alternatives: 70.8%
Bitesize: €10m-€50m

FMO has proposed a $35 million commitment to Africa-focused investment fund AfricInvest Fund IV.

The fund, which targets to raise a total of $500 million, will make growth investments in mid-cap manufacturing and services companies.

The €9 billion Dutch development bank has a 30 percent allocation to private equity and committed to another Africa-focused fund in early 2019.

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