MICROCAPITAL BRIEF: Incofin Investment Management Launches ProPulse Fund for Private Institutional Investors to Access Microfinance Institutions in Emerging Economies

Incofin Investment Management (Incofin IM), a microfinance fund manager based in Belgium, has announced the launch of its ProPulse Fund, which is designed specifically for private institutional investors to provide financing to entrepreneurs in emerging economies via microfinance institutions (MFIs) in response to “the large demand for local currency loans.” In a press release submitted to MicroCapital, Sara Vermeir, the Director of Business Development for Incofin IM, stated that the fund has been “tailor-made” to meet “the needs of large institutional investors such as European pensions funds wishing to invest in the impact investment space.”

While the ProPulse Fund is intended to place investments in developing countries worldwide, Incofin is planning its first investments in the Caucasus region and Central America. There is no information available regarding the amount of funds that the investment vehicle has raised to date.

As of 2014, Incofin IM manages nine facilities with total outstanding investments of EUR 350 million (USD 479 million) in approximately 39 countries.

By Sarah Luo, Research Associate

About Incofin Investment Management (Incofin IM)

Incofin Investment Management (Incofin IM) is a private Belgian company that develops and manages funds investing in microfinance institutions (MFIs) in developing countries. It manages nine facilities with total outstanding investments of EUR 350 million (USD 479 million) in approximately 39 countries as of 2014.

Sources and Additional Resources

Information submitted to MicroCapital by Incofin Investment Management.

MicroCapital, April 7, 2014: Incofin Investment Management’s Rural Impulse Fund (RIF) Acquires 15% Equity Stake in Financiera El Comercio (FIELCO) From Accion Gateway Fund

MicroCapital, April 7, 2014: Kenya Women’s Finance Trust (KWFT) Receives $16m in Equity Investments from Incofin’s Rural Impulse Fund II (RIF II), Norwegian Microfinance Initiative (NMI) Fund III, NMI Frontier Fund

MicroCapital, March 28, 2014: Annapurna Microfinance of India Raises $5m in Series B Financing from Belgian Investment Company for Developing Countries (BIO), Incofin

MicroCapital, December 26, 2013:  Incofin Investment Management Seeking to Raise $200m for “agRIF” Fund for Small-Scale Agriculture

MicroCapital Universe Profile: Incofin Investment Management

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