ABN Amro Bank, the Netherlands Development Finance Company (FMO) and Privium Fund Management have joined hands to float an impact fund called FMO Previum Impact Fund for emerging markets. The fund will offer clients of ABN Amro – starting with its private bank in the Netherlands, ABN Amro MeesPierson – an opportunity to co-invest in loans to companies in emerging markets, together with FMO. The fund will be able to co-invest in both existing and new loans to be provided by FMO to its clients. The co-investments of the fund will be structured as participations in such loans provided by FMO. They will include senior and subordinated loans. It will invest in four focus sectors of FMO – financial institutions, energy, agri-business and telecom infrastructure. Dutch development bank FMO has invested in about 80 countries worldwide. In India, it has given out more than €650 million in loans and equity, mostly to private equity firms.
