Incofin Investment Management (Incofin IM), a Belgian company that manages six microfinance funds, recently received a EUR 1 million (USD 1.29 million) equity investment from Gimv, a Belgium-based investment company. The investment is intended to help Incofin as it makes changes to comply with the European Alternative Investment Fund Managers (AIFM) Directive that will put private equity and hedge funds under a European Union regulatory body. Further information on the investment such as the percentage share of Incofin to be held by Gimv has not been released.
Incofin cvso, a Belgian investment fund managed by Incofin IM, also recently made a EUR 1 million (USD 1.29 million) investment in Incofin IM.
As of 2012, Incofin manages eight funds and facilities with outstanding investments with a total value of EUR 350 million (USD 454 million) in approximately 40 countries. As of 2012, Gimv manages approximately EUR 1.8 billion (USD 2.3 billion) in 85 portfolio companies.
By Charlotte Newman, Research Associate
About Incofin IM
Incofin Investment Management is a private Belgian company that develops and manages funds investing in microfinance institutions (MFIs) in developing countries. As of 2012, Incofin manages eight funds and facilities totaling outstanding investments of EUR 350 million (USD 454 million) in approximately 40 countries.
About Gimv
Gimv is a Belgium-based investment company. As of 2012, Gimv manages approximately EUR 1.8 billion (USD 2.3 billion) in 85 portfolio companies.
About Incofin cvso
Incofin CVSO is an investment fund that makes equity and debt investment in small and medium-sized microfinance institutions (MFIs). The fund is managed by Incofin Investment Management and is incorporated in Belgium. As of September 2012, Incofin CVSO manages EUR 35 million (USD 45 million).
Sources and Additional Resources:
Incofin Press Release sent to MicroCapital: “Incofin IM Enhances its Position as Innovative Impact Investor with New Partner Gimv.”
MicroCapital.org story, October 18, 2012, “MICROCAPITAL BRIEF: Incofin’s Rural Impulse Fund II Loans $2.6m to Kenya Women Finance Trust, Incofin Investment Management to Finance Technical Assistance Project for AB Bank Zambia,”https://www.microcapital.org/microcapital-brief-incofins-rural-impulse-fund-ii-loans-2-6m-to-kenya-women-finance-trust-incofin-investment-management-to-finance-technical-assistance-project-for-ab-bank-zambia/
MicroCapital.org story, September 15, 2012, “MICROCAPITAL BRIEF: Incofin Funds Take Stakes in EDPYME Solidaridad of Peru, FIDES Bank of Namibia, ACEP-Burkina of Burkina Faso,” https://www.microcapital.org/microcapital-brief-incofin-funds-take-stakes-in-edpyme-solidaridad-of-peru-fides-bank-of-namibia-acep-burkina-of-burkina-faso/
MicroCapital.org story, November 19, 2012, “SPECIAL REPORT: Panel: Seeking Diversification, Microfinance Investors Often Reap Annual Returns of 4%,” https://www.microcapital.org/special-report-panel-seeking-diversification-microfinance-investors-often-reap-annual-returns-of-4/
MicroCapital Universe Profile: Incofin Investment Management
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Investment+Management+%28Incofin+IM%29
MicroCapital Universe Profile: Gimv
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Gimv
MicroCapital Universe Profile: Incofin cvso
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+cvso
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