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Swedish pension fund adds $100 million to Dutch SDG-loan fund

ImpactAlpha, April 26 – After committing $100 million to the NN-FMO Emerging Markets Loans Fund last year, Sweden’s Alecta, which manages $90 billion, upped its pledge by $100 million and brought the fund’s first close to $250 million. The fund is jointly managed by FMO Investment Management, the investment arm of Dutch development-finance institution FMO, and NN Investment Partners, a Netherlands-based investment manager.

  • More capital… The fund’s first close was expected in late 2017, but was reportedly 25% higher than the initial target.
  • SDG targets… FMO tracks the impact of its lending activities against the U.N. Sustainable Development Goals for work and economic growth (No. 8), reducing inequality (No. 10) and climate action (No. 13). It plans to benchmark for no poverty (No. 1), zero hunger (No. 2) and access to energy (No. 7).
  • Co-investment… The fund lets institutional investors co-invest with FMO in loans to financial institutions, clean energy projects and agribusiness in developing markets.

FMO has committed to lending $2 billion to emerging markets organizations. Its loans will make up the fund’s portfolio.

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