FMO confirms $15m commitment

The Dutch government-related organisation has backed an Indian growth equity fund.

Institution: FMO
Headquarters: The Hague, Netherlands
AUM: €9.00bn
Allocation to alternatives: 69.0%
Bitesize: €10-50m

FMO has agreed to commit $15 million to BanyanTree India Growth Capital Fund, according to a press release on the organisation’s website. The fund will be investing growth equity capital in small to mid-sized companies in tier 2 and 3 Indian cities.

The €9.0 billion Dutch government-related organisation has a 29.90 percent allocation to private equity.

As illustrated in the charts below, FMO is a repeat investor to private equity funds with a venture capital / growth equity strategy. Since 2018, FMO’s commitments to these strategies have varied with regards to the funds’ regional focuses – these have comprised of Africa, the Middle East and Asia-Pacific.

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