FMO proposes commitment to agri fund
FMO has disclosed a proposed $35 million first-loss equity investment in the Agri3 Fund.
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Dutch development finance institution FMO has disclosed a proposed $35 million first-loss equity investment in the Agri3 Fund, advised by Fount and Cardano.
The AGRI3 Fund was incorporated in 2020, with the Dutch Government as anchor investor. It is a blended finance vehicle intended to mobilise additional public and private capital for the transition of food and agriculture systems in emerging markets towards sustainable, climate-resilient practices and processes that preserve forests and natural ecosystems.
The fund provides credit risk mitigation products, such as guarantees, and technical assistance to enable global, regional and local financial institutions to make investments, while also helping them gain experience in Agri3’s focus areas.
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