Project detail - FOURSAN CAPITAL PARTNERS II LP

FOURSAN CAPITAL PARTNERS II LP

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Who is our client

FMO invested in Foursan Capital Partners II LP (“FCP”) managed by Foursan Capital Investment Advisors, a Jordan-based Fund Manager. FCP aims to provide growth capital to mid-sized companies primarily in Jordan with investments ranging from USD 15-20 mln.

Funding objective

FMO has invested equity into FCP. Equity capital has limited availablity in Jordan. This investment is expected to have a positive impact on the growth of the investee companies of FCP and as a consequence on the creation of jobs, which is of high importance in Jordan in the light of the increasing local challenges, intensified by the refugee burden.

Why we fund this project

FMO’s commitment contributed to FCP reaching the minimum required first close size, which will allow FCP to start investing in companies in Jordan. These companies are expected to create new jobs and increase the taxes paid. FMO will be involved in the governance of FCP through its LP Advisory Committee seat. FMO has made its ESG toolkit available to Foursan.

Environmental and social rationale

FMO's investment in FCP has been classified as an IFC B (medium) risk, as the investments in the pipeline are in low-medium risk sectors. Foursan has an E&S Management system in place and has appointed an ESG Manager.

Region
Asia
Country
Jordan
Sector
Infrastructure, Manufacturing and Services
Signing date
6/28/2018
Total FMO financing
USD 10.00 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