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SNS and FMO launch an SME finance fund

SNS and FMO launch an SME finance fund

On 20 November 2013, Zwitserleven, the Spoorweg pensioenfonds and the Pensioenfonds Openbaar Vervoer made a first deposit in the SNS FMO SME Finance Fund.
SNS Impact Investing, part of SNS Asset Management, and the Dutch development bank FMO jointly initiated this fund. The fund aims at supporting local SME’s in developing markets. The fund has, in the meantime, received Euro 100 million in investments for a first close. It is expected that commitments will increase substantially in 2014.

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