Project detail - SBI FMO EMERGING ASIA FINANCIAL

SBI FMO EMERGING ASIA FINANCIAL

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Who is our client

The SBI FMO Emerging Asia Financial Sector Fund has been set up by SBI Group and FMO. In addition to being one of the largest Japanese PE firms (with AUM in excess of US$3 billion), the SBI Group is a leading global internet-based financial conglomerate. The SBI Group's core businesses include financial services, asset management and biotechnology-related business.

Funding objective

The fund will invest in promising financial sector opportunities in Emerging Asia (with a focus on India, Sri Lanka, Bangladesh, Indonesia, the Philippines, Thailand, Cambodia and Vietnam). The first close of the fund was realized at US$60 mln. The target fund size is US$100-125 mln.

Why we fund this project

The fund will invest in the financial sector - one of FMO's focus sectors - thereby leveraging the extensive financial services platforms and knowledge of both SBI Group and FMO. At the time of investment there were limited funds active in the financial sector space in Asia, giving this investment a high level of additionality.

Region
Asia
Country
Asia
Sector
Financial Institutions
Signing date
10/1/13
Total FMO financing
USD 26.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B