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FMO commits US$16 million to the Central American Mezzanine Infrastructure Fund

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA.

Last month, FMO committed to a US$16 million subordinated loan to the Central American Mezzanine Infrastructure Fund LP (CAMIF). CAMIF will provide mezzanine lending mainly to private infrastructure projects in Belize, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama, as well as Mexico and Colombia.

The first closing took place in spite of particularly challenging market conditions. While total approvals from FMO and other institutional investors exceeded US$155 million, the Fund activated US$82.5 million in this closing in accordance with its tranched capital structure of senior debt, subordinated debt, and equity. The Fund’s focus on mezzanine financing, a relatively new instrument in Central America, consisting of a subordinated loan with equity features, is expected to have a catalytic effect in attracting capital to the region.

Mr. Jurgen Rigterink, FMO’s Chief Investment Officer and Member of the Managing Board of FMO is very pleased with the successful launch of CAMIF. He stated: “CAMIF is an excellent and opportune mezzanine fund, with esteemed investors and a professional fund manager. It also fits well within FMO’s strategic focus on the energy-sector and related infrastructural investments and embedded approach to mezzanine instruments. We look forward to working with CAMIF.”

The Fund will be managed by EMP Latin America (EMPLA), which is a joint venture between EMP Global LLC and the senior members of its Latin American team. EMP Global is a leading private equity fund manager focused on emerging markets. EMPLA is also the Principal Adviser to the US$1.0 billion AIG-GE Capital Latin American Infrastructure Fund LP, the largest private equity fund focusing exclusively on infrastructure in Latin America and the Caribbean.

About FMO:

The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of € 3.4 billion, FMO is one of the largest bilateral development banks worldwide. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take. FMO's mission: to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.

Press contact:

Nicoline van Slingelandt

Communications Officer (PR)

T: +31 70 314 9790

M: +31 622 563 047

E: n.van.slingelandt@fmo.nl

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