AFMF, L.P.
Status: Approved 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
ASEAN Frontier Markets Fund L.P. ("AFMF") is a sector-agnostic PE fund targeting investments in SMEs in Cambodia and Laos. It is the third Fund managed by Emerging Markets Investments Advisers (“EMIA”). FMO and MASSIF previously committed to the Fund Manager's two predecessor funds and have an existing relationship with the team.
What is our funding objective?
MASSIF has committed USD 10mln to the Fund at First Close. The Fund focuses on investments in Cambodia and Laos, where impact potential is high and the penetration of PE activities remains low. The investment will allow FMO to keep supporting a trusted partner active in countries where there are limited PE teams with on-the-ground presence and local knowledge.
Why do we fund this investment?
The Fund will invest in SMEs and early-stage companies, providing scarce equity financing and contributing to growing the entrepreneurial communities in focus countries. The Fund is expected to add non-financial value through increased volume and quality of training, job creation, improved business governance, high standards labour practices, and the launch of products and services newly offered to segments and geographies. This will be supported by EMIA’s close involvement with its investee companies and contribute to decent work and economic growth, and reducing inequalities.
What is the Environmental and Social categorization rationale?
E&S category is B based on the pipeline and investment strategy of the Fund. The Fund has dedicated E&S staff and the Manager already has an Environmental and Social Management System (“ESMS”) in place, which has been updated with input from DFIs. FMO has positive experiences with EMIA on E&S aspects in the predecessor funds.
Sub investments
Disclaimer
This data is updated annually so some investments might no longer be in FMO’s portfolio, while some newer investments may not yet be shown.
| Name | Country | Region | Sector |
|---|---|---|---|
| Amru Rice (Cambodia) Co., Ltd | Cambodia | ASIA | Agri, Food and Water |
- Region
- Asia
- Country
- Cambodia
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 5/19/2021
- Effective date
- 12/20/2022
- Total FMO financing
- USD 10.00 MLN
- Funding
- MASSIF
-
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