MICROCAPITAL BRIEF: Microfinance Fund Manager Incofin Set to Raise $139m by Next Quarter

According to an article published on the Microfinance Focus website, Belgium-based microfinance fund manager Incofin Investment Management is on track to meeting its target of EUR 100 million (USD 139 million) for its second Rural Impulse Fund by next quarter. The fund has already invested USD 4 million in Indian microfinance institutions (MFIs) Asomi Finance Private Ltd and Grameen Koota. The fund aims to invest USD 1 million to USD 5 million in MFIs.

“We have significant amount of commitments from investors across the globe. All the institutional investors are very keen on how we add value to microfinance institutions across the world,” said Incofin Investment Management private equity expert Mr Aditya Bhandari.

By: Stefanie Rubin, Research Assistant

About Incofin Investment Management:

Incofin Investment Management currently manages five microfinance-focused funds worth a total of EUR 128 million. Its funds support 72 microfinance institutions across 32 countries.

Additional Resources:

Source Article: Microfinance Focus Latest News: “Incofin Aims at Closing Fundraising for Rural Impulse Fund II in 2 months,” http://www.microfinancefocus.com/news/2010/02/05/incofin-aims-at-closing-fundraising-for-rural-impulse-fund-ii-in-2-months/

VCCircle.com: Belgian MFI Fund Incofin Hits Road to Raise $139M: http://in.reuters.com/article/indiaDeals/idINIndia-45962520100206?pageNumber=1&virtualBrandChannel=0

MicroCapital Universe: Incofin Impulse Microfinance Fund: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Impulse+Microfinance+Fund

MicroCapital Universe: Incofin Rural Impulse Fund (RIF): https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Rural+Impulse+Fund+%28RIF%29

MicroCapital Universe: Incofin VDK MFI Loan Portfolio: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+VDK+MFI+Loan+Portfolio

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