ASN Groenprojectenfonds and FMO forge partnership to finance renewable energy projectsMarch 22, 2017
On 17 March 2017 the contract was signed by fund manager ACTIAM Impact Investing and FMO Investment Management to invest up to 10% from the ASN Groenprojectenfonds (Green Projects Fund “GPF”) in FMO’s renewable energy transactions. FMO Investment Management (FMO IM) will act as the investment advisor for the fund and will co-ordinate and advice upon the eligible FMO projects.
“For ACTIAM, FMO and FMO IM it means another recognition in the market of the work we do and the sustainable portfolios we build.” Theo Brouwers of ACTIAM Impact investing continues: “This means that ACTIAM, like FMO is seen as a solid impact investor and that investors are convinced that impact and profit can make a good combination.”
Stephan Langen, Manager ASN Beleggingfondsen. “With this international step ASN Groenprojectenfonds can stimulate renewable energy in emerging markets, which fits very well to the purpose of our fund. We are delighted to partner with FMO, as a very trusted and experienced partner in this field." Yvonne Bakkum, Managing Director of FMO IM concludes: “We are proud to add this third fund to our still relatively young business. It shows how investors are increasingly looking more at achieving their goals of impact combined with a solid return.”
The GPF will be able to invest in green projects that have a clear focus on renewable energy. It is expected that over the next 18 to 24 months 7 to 8 investments will be made.
More information on the ASN Groenprojectenfonds or on ACTIAM Impact Investing can be found