FMO invests in Mirova Sustainable Land Fund 2
The fund has a target size of €350 million
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Dutch development finance institution FMO has disclosed a $10 million approved investment in the Mirova Sustainable Land Fund 2 (MSLF2), a close-ended hybrid fund with a target size of €350 million. The fund manager is Mirova, the impact investment arm of Natixis Investment Managers.
MSLF2 provides long-term financing for sustainable land use projects and companies that support the certified production of food and fibre value chains through sustainable forestry and sustainable agricultural practices. The fund targets positive impacts in terms of climate mitigation and adaptation, biodiversity protection, community inclusion, and gender equality, and has an existing pipeline across Africa, Asia and Latin America.
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