STICHTING JURIDISCH EIGENDOM FMO PR
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
The client is the FMO-Privium Impact Fund, and open-ended impact fund originally set up together with ABN AMRO Private Banking. The Fund co-finances with FMO in eligible transactions. In 2018, the Fund is no longer exclusively available for investment by ABN AMRO Private Banking clients, but also to other investment platforms (banks, family offices, other impact investors) throughout Europe. The Fund was launched in June 2016 and has grown to USD 150 mln as per October 2019. The Fund participates in 70 FMO loans across Energy, Financial Institutions and Agribusiness.
What is our funding objective?
The Fund needs to keep ~10% cash as collateral for the EUR/USD hedging through ABN AMRO Clearing Bank. The objective of the FMO guarantee (on behalf of the Fund, in favor of ABN AMRO Clearing Bank) is to replace 50% of that ~10% cash-buffer by a AAA-guarantee to allow the Fund to use that cash for participations in FMO loans.
Why do we fund this investment?
To increase the invested part of the Fund, as a result of which the Fund (and FMO) has more impact and an improved performance.
What is the Environmental and Social categorization rationale?
The Fund follows FMO's ESG approach and policies.
- Country
- Global
- Sector
- Financial Institutions
- Effective date
- 11/13/2019
- Total FMO financing
- EUR 7.50 MLN
- Funding
- FMO NV