Afrigreen Debt Impact Fund lands investment from European LP
FMO has disclosed an approved €10 million investment.
Africa Private Equity News’ Connect messaging service is now free. Directly message other private equity professionals in our community.
Download the free Africa Private Equity News app: Android | iOS (or search for it in the app store)
Tap on the top-right icon to log in or register a free account
Tap on bottom-right Connect icon to start chatting
Dutch development finance institution FMO has disclosed an approved €10 million investment in the Afrigreen Debt Impact Fund, a closed-end, senior debt fund to be managed by RGreen Invest, an asset manager specialising in energy transition, climate change mitigation and adaptation.
RGreen will be advised by Echosys Invest, a joint venture between RGreen and Echosys Advisory.
The Afrigreen fund will provide medium to long-term financing to promote climate mitigation and GHG reduction investments, mainly focusing on companies offering energy solutions for the commercial and industrial sector. The fund will target projects in Central and Western Africa.
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.