Belgium-based Incofin Investment Management recently sold fresh equity shares to two Belgian, family-controlled investment firms, Degroof Petercam Asset Management (DPAM) and Korys Investments. Incofin Investment Management remains majority-held by a group of its staff members via the entity Incoteam. The fourth investor in the firm is the Belgian investment firm Incofin CVSO.
DPAM CEO Peter De Coensel, said, “We have been thinking about broadening our offer for a long time, especially in the direction of impact investments in private debt and equity. We also perceive a growing demand from customers in this direction that we would like to meet.”
Among the plans for Incofin Investment Management are to launch new “funds integrating a smart climate and gender lens.” Founded in 2001, Incofin is a for-profit firm that seeks “to promote inclusive progress.” As of 2022, it had 350 investees in 65 countries, mostly active in financial inclusion and agriculture. Incofin has offices in Belgium, Cambodia, Colombia, India and Kenya. The firm’s portfolio is valued at USD 1.2 billion and comprises funds affiliated with organizations such as the Belgian cooperative BRS, the German firm Invest in Visions and Belgium’s vdk bank.
For 2021, DPAM reported net income of EUR 546 million (USD 603 million) on assets of EUR 86 billion (USD 95 billion). In a 2022 press release, Korys reported EUR 4.5 billion (USD 5.0 billion) in assets under management.
Sources and Additional Resources
Incofin press release
https://incofin.com/incofin-raises-growth-capital-from-new-shareholders-dpam-and-korys/
DPAM homepage
https://www.degroofpetercam.com
Korys homepage
https://www.korys.be
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