Fmo Investment Management B.v.

What Fmo Investment Management B.v. does

FMO Investment Management B.V. (FMO IM) is a licensed investment firm (AFM-licensed under art. 2:96 Wft) headquartered at the FMO headquarters in The Hague, Netherlands, and operating as a wholly owned subsidiary of FMO NV, the Dutch entrepreneurial development bank. Founded in 2012, FMO IM provides professional and qualified institutional investors access to FMO's 50+ year track record, deal flow, and proven ESG framework in emerging and frontier markets. Its target investor base comprises Dutch and international pension funds, insurance companies, foundations, and asset managers seeking emerging market debt exposure with measurable development impact.

FMO IM advises on five private debt fund propositions: the Cardano-FMO SME Finance Fund (EUR 153.5M AUM), the FMO Emerging Markets Loans Fund I & II (USD 547M AUM), the FMO Privium Impact Fund (USD 158M NAV across 72 investees), the ASN Energy & Innovation Fund (EUR 100M for the 20% slice advised), and the SDG Loan Fund (USD 1.111 billion mobilized). Fund management partners include Cardano, Goldman Sachs Asset Management, Privium Fund Management, ASN Impact Investors, and Allianz Global Investors. FMO originates the loan portfolio and co-invests its own balance sheet alongside investors.

FMO IM earns advisory fees on institutional capital co-invested alongside FMO in loans to financial institutions, renewable energy projects, and agribusiness companies across more than 80 countries. Distribution is direct and relationship-driven, targeting qualified institutional investors through dedicated team engagement, events (e.g., Future of Energy Summit), and partner fund manager channels. There is no proprietary technology platform, and pricing/fees are not publicly disclosed.

Name

Fmo Investment Management B.v.

Legal name

FMO Investment Management B.V.

Website

https://fmo-im.nl

Company type

Private

Founded year

2012

Operating status

Operating

Short description

FMO Investment Management B.V. is a Dutch AFM-licensed investment firm and wholly owned subsidiary of FMO NV that advises qualified institutional investors on emerging-market private debt funds co-invested alongside FMO across 80+ countries.

Ownership category

akta.pro rank

Product category

Emerging Market Private Debt / Impact Investment Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Managed Account / SMA Multi-Manager Platforms (FSANAGAL)

Keywords

• Emerging market debt
• Impact investing
• Private debt funds
• Sustainable investing
• Development finance

Headquarters

HQ city

The Hague

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Fund Management Advisory Fees: FMO Investment Management serves as investment advisor for multiple debt funds, earning advisory fees from institutional investors who co-invest alongside FMO in emerging and frontier market loans. The funds are managed by established partners including Cardano, GSAM, Privium Fund Management, ASN Impact Investors, and Allianz Global Investors.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

FMO Investment Management B.V. is a licensed investment firm that provides qualified and professional institutional investors access to FMO-sourced sustainable private debt funds in emerging and frontier markets. The firm acts as investment advisor to multiple debt funds spanning SME finance, emerging markets loans, impact investing, renewable energy, and blended finance for SDG-aligned lending, enabling institutional investors to co-invest alongside FMO across more than 80 countries.

Product overview

FMO Investment Management B.V. is a licensed investment firm (AFM-licensed under art. 2:96 Wft) offering professional and qualified investors access to FMO's expertise in sustainable investing in emerging and frontier markets. The company services multiple private debt fund propositions: the SME Finance Fund (closed, focuses on SME lending through financial institutions), the Emerging Markets Loans Fund I & II (closed-end, co-invests alongside FMO in loans across three sectors), the FMO Privium Impact Fund (open-end, diversified impact portfolio), the ASN Energy and Innovation Fund (open-end, renewable energy focus), and the SDG Loan Fund (blended finance structure). All funds share an emerging markets focus and the combined objective of investing for both financial returns and development impact.

Differentiator

Problem solved

Functional benefit

Products and services

• Cardano-FMO SME Finance Fund A joint-venture debt fund by FMO and Cardano (formerly ACTIAM) providing capital to financial institutions in developing and emerging economies to improve access to finance for small and medium-sized enterprises (SMEs). The fund targets market-rate returns with development impact. Assets under advisory of EUR 153.5 million as of Dec 2023.
• FMO Emerging Markets Loans Fund I & II Closed-end fund offering European qualified investors access to emerging market debt. The fund enables institutional investors to co-invest alongside FMO in loans to financial institutions, renewable energy projects and agribusiness companies in emerging and frontier markets. Assets under advisory of USD 547 million as of Dec 2023.
• FMO Privium Impact Fund An open-end Dutch Fund for Joint Account (FGR) that invests for both impact and return in emerging markets. As of end 2023, the NAV stood at over USD 158 million invested across 72 investees. Fund manager is Privium Fund Management.
• ASN Energy and Innovation Fund Open-end fund (formerly Green Project Fund) that invests in FMO's renewable energy transactions and green lending facilities. Managed by ASN Impact Investors with FMO Investment Management as investment advisor. Assets under advisory of EUR 100 million (20% of fund) as of Dec 2023.
• SDG Loan Fund Blended finance fund that mobilized USD 1.1 billion of investor capital to advance UN Sustainable Development Goals in emerging and frontier markets. Managed by Allianz Global Investors with FMO Investment Management originating and managing the loan portfolio. Assets under advisory of USD 1.111 billion as of Dec 2023.

Quantifiable outcome

• EUR 13.2 billion portfolio spread over more than 80 countries
• +4 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core.

• Cardano GroupcoreChannel Partner/ Reseller/ DistributorCardano Group is an independent Dutch-British pension, risk and asset management specialist managing assets of €60 billion. Cardano acts as Fund Manager for the SME Finance Fund, providing fund management, risk management, fund administration, and investor reporting services to complement FMO IM's investment expertise.
• GSAM (Goldman Sachs Asset Management)coreChannel Partner/ Reseller/ DistributorGoldman Sachs Asset Management oversees more than $2 trillion in assets under supervision worldwide as of December 31, 2022. GSAM is the fund manager for the FMO Emerging Markets Loans Fund compartments I and II, combining FMO's emerging markets expertise with GSAM's fund management and client servicing capabilities.
• Privium Fund ManagementcoreChannel Partner/ Reseller/ DistributorPrivium Fund Management is an independent and regulated provider of investment management services across alternative and traditional asset classes in different jurisdictions. Privium Fund Management is the fund manager for the FMO Privium Impact Fund.
• Allianz Global InvestorscoreChannel Partner/ Reseller/ DistributorAllianz Global Investors is a leading active asset manager managing EUR 516 billion in assets for individuals, families and institutions worldwide (as of September 30, 2023). Allianz Global Investors is managing the SDG Loan Fund, which has mobilized over USD 1 billion of investor capital for SDGs-aligned loans in emerging and frontier markets.
• FMO NV (Parent Entity)coreStrategic or Co-development PartnerFMO is the Dutch entrepreneurial development bank and the parent of FMO Investment Management. FMO is a leading impact investor with a EUR ~13 billion committed portfolio spanning over 85 countries. FMO Investment Management is a wholly owned subsidiary and provides access to FMO's deal flow in sustainable emerging market investments. FMO co-invests for its own account alongside investors.
• ASN Impact InvestorscoreChannel Partner/ Reseller/ DistributorASN Impact Investors is the Fund Manager for the ASN Energy & Innovation Fund. FMO Investment Management acts as investment advisor for FMO's investments suitable for the fund. The fund invests in renewable energy transactions and green lending facilities provided by FMO.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• responsAbility Investments: responsAbility is a Swiss impact asset manager investing in emerging and developing markets across private debt, equity, and blended finance. Its fund structures, institutional investor base, and product taxonomy closely mirror FMO IM's emerging market debt offering.
• Symbiotics Group: Symbiotics operates a marketplace for impact investing in emerging markets, providing asset management and advisory services to institutional investors. It directly competes with FMO IM in EM private debt origination, advisory, and fund distribution.
• BlueOrchard Finance: BlueOrchard is a leading impact investment manager specializing in emerging and frontier market debt and equity, with similar fund vehicles for institutional investors. It is a direct competitor to FMO IM in the emerging market private debt and blended finance space, serving comparable pension funds and DFIs.
• Triodos Investment Management: Triodos IM is a Dutch sustainable investment manager offering impact funds across multiple asset classes including emerging markets. Like FMO IM, it is a Netherlands-based licensed investment firm targeting institutional impact investors with comparable ESG and SDG mandates.
• ASN Impact Investors: ASN Impact Investors is a Dutch sustainable asset manager and existing FMO IM partner (manages the ASN Energy & Innovation Fund). It directly competes in renewable energy and impact investing fund distribution with overlapping institutional clients.
• KfW DEG: DEG is the German development finance institution and a subsidiary of KfW, providing debt and equity financing to emerging market enterprises. It is a direct comparable to FMO NV/FMO IM given the parallel bilateral development-bank model and emerging markets debt origination mandate.
• Cardano Development: Cardano is a Dutch asset manager and current FMO IM partner on the SME Finance Fund. It provides fund management services for sustainable and impact investment vehicles, comparable to FMO IM's institutional offerings across similar investor segments.
• Calvert Impact Capital: Calvert Impact Capital is a US-based nonprofit impact investing intermediary that originates and manages funds for institutional investors seeking measurable social and environmental returns. Similar in mandate to FMO IM's blended finance and impact debt offerings.

Broad incumbents

• International Finance Corporation (IFC): IFC is the World Bank's private sector development arm investing in emerging markets via debt, equity, and blended finance. It operates at significantly larger scale than FMO IM and offers overlapping emerging market debt funds for institutional investors.
• MUFG (Sustainable Finance): MUFG is a Japanese global financial group with substantial sustainable finance and emerging market debt activities. As a broader incumbent, it competes for institutional allocation to emerging market impact debt via its asset management and corporate banking arms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/FMOdevelopmentbank
• LinkedInnl.linkedin.com/company/fmo

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fmo Investment Management B.v.