FMO approves $137m commitment

The Netherlands-based entrepreneurial development bank has backed an India-focused infrastructure fund.

Institution: FMO
Headquarters: The Hague, Netherlands
AUM: €9.58 billion

FMO has confirmed a $137 million commitment to Green Growth Equity Fund, according to a press release.

The fund, managed by EverSource Capital, will invest renewable energy in India and contribute to the country’s low carbon and green infrastructure goals. The Green Growth Equity Fund has begun to build an investment portfolio including the renewable energy platform Ayana Renewable Power.

As illustrated below, the development bank’s fund commitments have mainly focused on unlisted equity opportunities in the renewables sector.

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