INFRONTIER AF LP
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The InFrontier Afghanistan Fund, the only private equity fund focused on Afghanistan achieved a second closing at over US$30m of which US$8m from FMO. The investment comes from MASSIF, the financial inclusion fund that FMO manages on behalf of the Dutch government. Existing investors in the fund include CDC Group and the Dutch Good Growth Fund. The Fund, which is managed by the London and Kabul-based, InFrontier, invests in established businesses that have the potential to become market leaders in Afghanistan, focusing across multiple sectors and making long term investments.
What is our funding objective?
FMO's funding will be used to invest in Afghan companies that have the potential to generate commercial returnswhilst supporting socioeconomic development in one of the world’s most challenging markets.
Why do we fund this investment?
Through investing in the InFrontier Afghanistan FMO supports the Fund to help empower entrepreneurs in this conflict affected part of the world which is of great importance to improve local prosperity.
What is the Environmental and Social categorization rationale?
The E&S category is B for Infrontier Afghanistan, in line with the risk profile of the prospective investment. The pipeline in combination with the country risk entails E&S risks and opportunities related to the supply chain, general health and safety, environmental (waste) issues, wages and social conditions, and resource consumption/efficiency. The Fund Manager has established an E&S management system and ESG is integrated in the investment process.
- Region
- Asia
- Country
- Afghanistan
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/11/2017
- End date
- 2/9/2023
- Total FMO financing
- USD 8.00 MLN
- Funding
- MASSIF
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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