FMO proposes $10m commitment

The Dutch development bank has committed to another of XSML's Africa-focused funds.

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

FMO has proposed a $10 million commitment to XSML’s investment fund, African Rivers Fund III.

The fund will build a diversified portfolio of SME investments in African countries, such as Angola, the Democratic Republic of the Congo and Uganda.

FMO also invested in XSML’s previous funds, including Africa SME Fund and African Rivers Fund I.

The €9 billion Dutch development bank has a 30 percent allocation to private equity.

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