Overview:
The SNS Institutional Microfinance Fund II is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
Description:
The SNS Institutional Microfinance Fund II is the second fund created by SNS Asset Management and DWM Asset Management to invest in microfinance institutions (MFIs). The first fund is the SNS Institutional Microfinance Fund, which was created in 2007. The fund makes approximately 70 percent of its investments through debt and approximately 30 percent of its investments through equity.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/sns-institutional-microfinance-fund-ii
Organization’s Website:
http://www.snsam.nl/index.asp?NID=8230
Just the Facts:
Country of Incorporation: United States
Year Founded: 2009
Fund Assets (as of day/month/year): EUR 71.9 million (USD 102.9 million as of 31/December/2008)
Fund Assets Allocated to MFI Investment (as of day/month/year): EUR 47.3 million (USD 67.7 million as of 31/December/2008)
Number of MFI Investments (as of day/month/year): 21 (as of 31/December/2008)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): DWM Asset Management, SNS Asset Management
Instruments: Loans and Debt Securities, Equity
Fund Currency: EUR
Investment Horizon: 7 years
Contact Information:
Ruben Smit
Research Analyst
ruben.smit@snsam.nl
+31 0 73 683 3309
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Additional Resources:
Huge Global Pensions Back Break-Out Private Equity Fund: TIAA-CREF, APG, DWM and SNS REAAL Contribute $82 million to Developing World Markets Microfinance Equity Fund I (March 2009)
https://www.microcapital.org/microcapital-story-huge-global-pensions-back…
The State of Microfinance Investment (August 2009)
http://www.microfinancegateway.org/gm/document-1.9.37590/11.pdf
Link to Microcapital Universe wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=SNS+Institutional+Microfinance+Fund+II
Authored by Kenny Kline, Research Associate
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