FMO

BII and FMO back BECIS with joint US$50 million financing facility supporting commercial and industrial renewables sector in South-East Asia

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星期一, 四月 15, 2024
Climate change, FMO, Commercial, Foreign direct investment, Partnership, British International Investment, Cloud computing, CO2, Government, Growth, BII, Renewable energy

The joint financing facility will be used to fuel BECIS' expansion and back their groundbreaking energy solutions across Vietnam, the Philippines, Indonesia, Thailand, Malaysia and India.

Key Points: 
  • The joint financing facility will be used to fuel BECIS' expansion and back their groundbreaking energy solutions across Vietnam, the Philippines, Indonesia, Thailand, Malaysia and India.
  • The loan commitment from BII and FMO underscores their confidence in BECIS' vision and capabilities to revolutionise the energy sector across the region.
  • Speaking on the investment, Srini Nagarajan, Managing Director and Head of Asia at BII, expressed: "Our investment in BECIS is BII's first direct debt financing in South-East Asia.
  • BII and FMO remain committed to fostering partnerships that drive sustainable development, innovation, and economic prosperity across Asia.

Adenia Closes Fifth Flagship Fund Oversubscribed at $470M

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星期三, 四月 3, 2024
Banking, Professional Services, Finance, Professional, DEG, DFI, Partner, Growth, Partner (business rank), Health, Education, ESG, Canari noir, Acquisition, AC, Investment, FMO, Air Liquide, Renewable energy, EIB, Telecommunications, Fund, DFC, CEP

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap.

Key Points: 
  • Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap.
  • The Fund, which was significantly oversubscribed, attracted commitments from new and existing investors globally.
  • The Fund is sector-agnostic with financial services, agribusiness, renewable energy, consumer goods, telecommunications, healthcare and education, business services, light manufacturing, and specialty distribution as areas of particular focus.
  • As Adenia’s first completely pan-African fund, Fund V will leverage the firm’s extensive on-the-ground presence with seven offices on the continent.

Allianz Life Launches New Accumulation Annuity

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星期二, 三月 19, 2024
Banking, Professional Services, Insurance, Finance, Retirement, FMO, FIA, Index, Head, Growth, Allianz Life, Allianz, Fear, Life insurance

Allianz Life Insurance Company of North America ( Allianz Life ) announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+TM Annuity, is now available.

Key Points: 
  • Allianz Life Insurance Company of North America ( Allianz Life ) announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+TM Annuity, is now available.
  • Allianz Accumulation Advantage+TM is a fixed index annuity that combines powerful accumulation potential with a premium bonusi, signature Allianz innovations and flexible design.
  • Allianz has also recently added a new FIA with a shorter, seven-year withdrawal charge period, Allianz Accumulation Advantage 7TM Annuity, to its suite of products.
  • Full accumulation value is available to the Allianz Accumulation Advantage+TM contract owner after 10 years.

Open Society Foundations’ Soros Economic Development Fund Commits $25 Million to Allied Climate Partners’ Climate Finance Partnership

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星期二, 二月 27, 2024
Acquisition, George Soros, International Finance Corporation, African Development Bank, Foreign direct investment, Jeff Bezos, British International Investment, FMO, BII, Risk, World Bank Group, Open Society Foundations, DFI, ACP, DFC, Partnership, Renewable energy

New York, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, is committing $25 million to Allied Climate Partners (ACP)—a new and innovative public-private partnership focused on increasing the number of bankable climate projects in emerging markets and developing economies around the world.

Key Points: 
  • New York, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, is committing $25 million to Allied Climate Partners (ACP)—a new and innovative public-private partnership focused on increasing the number of bankable climate projects in emerging markets and developing economies around the world.
  • ACP aims to address a critical financing gap at the early, risk-oriented stages of the development process.
  • Without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals.
  • These regional funds will in turn seek to raise an additional $600+ million in senior equity from multilateral development banks (MDBs), development finance institutions (DFIs), and private investors.

Senior Market Sales® Acquires Seniors Advisory Services, Louisiana's Largest Senior Insurance Brokerage

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星期三, 三月 6, 2024
ISA, Acquisition, Group insurance, Baton Rouge, Louisiana, SAS, Culture, Medicare Advantage, Growth, Insurance Services of America, FMO, SMS, GII, Health, Alliant, Medicare, Organization, Family, Insurance

OMAHA, Neb., March 6, 2024 /PRNewswire/ -- Senior Market Sales® (SMS), one of the industry's premier insurance marketing organizations, is expanding its distribution in the southern United States with the acquisition of Seniors Advisory Services (SAS), Louisiana's largest senior insurance brokerage agency.

Key Points: 
  • Agency Plans to Leverage SMS Technology, Products and Expertise to Grow Regionally
    OMAHA, Neb., March 6, 2024 /PRNewswire/ -- Senior Market Sales ® (SMS), one of the industry's premier insurance marketing organizations, is expanding its distribution in the southern United States with the acquisition of Seniors Advisory Services (SAS), Louisiana's largest senior insurance brokerage agency.
  • With SMS' resources, Seniors Advisory Services can reach more seniors with more of their health and wealth needs.
  • "Seniors Advisory Services is a pillar in Louisiana in Medicare Advantage, with a solid reputation and strong relationships that will help SMS expand its reach in the South," said SMS President Jim Summers.
  • "This is an exciting opportunity to grow together and to create more synergies with all of our acquired partners ."

Horizon Capital Closes its Ukraine Fund IV at $350m, $100m above Target

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星期五, 二月 23, 2024
Rockefeller Foundation, DEG, Private equity, Multimedia, Courage, Investment, Growth, AUM, FMO, Entrepreneurship, EBRD, Leat, Fund, Like a Boss (film), JICA, MacArthur Foundation, Trust, DFC, Face, EIB, Partnership, Cryptocurrency

KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.

Key Points: 
  • KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.
  • The Fund invests growth capital alongside visionary entrepreneurs leading fast-growing primarily tech and export-oriented companies, as well as select domestic champions, in Ukraine and Moldova (the "Region"), with a pipeline of 80+ investments.
  • The Fund has already concluded three investments to fast-growing, innovative tech companies, providing growth capital to expand their R&D platforms in Ukraine and enhance their international reach.
  • Lenna Koszarny, Founding Partner and CEO of Horizon Capital, said: "This historic fund is dedicated to the visionary entrepreneurs of Ukraine.

Horizon Capital Closes its Ukraine Fund IV at $350m, $100m above Target

Retrieved on: 
星期五, 二月 23, 2024
Rockefeller Foundation, DEG, Private equity, Courage, Investment, Growth, AUM, FMO, Entrepreneurship, EBRD, Leat, Fund, Like a Boss (film), JICA, MacArthur Foundation, Trust, DFC, Face, EIB, Partnership, Cryptocurrency

KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.

Key Points: 
  • KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.
  • The Fund invests growth capital alongside visionary entrepreneurs leading fast-growing primarily tech and export-oriented companies, as well as select domestic champions, in Ukraine and Moldova (the "Region"), with a pipeline of 80+ investments.
  • The Fund has already concluded three investments to fast-growing, innovative tech companies, providing growth capital to expand their R&D platforms in Ukraine and enhance their international reach.
  • Lenna Koszarny, Founding Partner and CEO of Horizon Capital, said: "This historic fund is dedicated to the visionary entrepreneurs of Ukraine.

Women Taking On More Financial Responsibility

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星期二, 二月 6, 2024
Professional Services, Consumer, Women, Insurance, Finance, Personal Finance, FMO, Generation X, Retirement, Family, CFO, Attitude, Woman, Head, Allianz Life

Women are taking on more financial responsibility, according to the 2023 Women Money Power Study* from Allianz Life Insurance Company of North America ( Allianz Life ).

Key Points: 
  • Women are taking on more financial responsibility, according to the 2023 Women Money Power Study* from Allianz Life Insurance Company of North America ( Allianz Life ).
  • More women say they have the primary responsibility for managing finances and making financial decisions for their household.
  • For women who have a financial professional, 77% say their financial professional is their ‘go to’ source for information.
  • “A financial professional can help women establish their financial priorities and how to achieve them in the long run.

Allied Climate Partners Makes Inaugural Catalytic Investment, Anchors SEACEF II First Close

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星期一, 一月 22, 2024
International Finance Corporation, ADI, Sea change, COP28, Partnership, FMO, MAS, Foreign direct investment, Arnold Ventures LLC, DFI, Sea, African Development Bank, Temasek, Climate change, Investment, ACP, World Bank Group, DFC, Money, BII, Climate, Private sector, British International Investment, Renewable energy

NEW YORK, Jan. 21, 2024 /PRNewswire/ -- Allied Climate Partners (ACP), the innovative philanthropic investment organization recently launched at COP28 , today celebrated the first close of the Southeast Asia Clean Energy Fund II (SEACEF II), managed by Clime Capital .

Key Points: 
  • NEW YORK, Jan. 21, 2024 /PRNewswire/ -- Allied Climate Partners (ACP), the innovative philanthropic investment organization recently launched at COP28 , today celebrated the first close of the Southeast Asia Clean Energy Fund II (SEACEF II), managed by Clime Capital .
  • "Managed by Clime Capital, SEACEF II will provide the catalytic capital required for early-stage developers and businesses to deliver renewable energy, energy efficiency, and grid solutions across the region.
  • Allied Climate Partners is proud to be the anchor junior equity investor in SEACEF II, providing SEACEF II with catalytic, first-loss, capital and working alongside Clime Capital to mobilize other investors to participate.
  • As with SEACEF II, ACP anticipates providing catalytic, junior equity to initial investment managers in Africa, the Caribbean & Central America, and India.

Release by Scatec partners with IFC for clean and affordable power to Africa

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星期三, 十二月 13, 2023
Kilowatt-hour, Infrastructure, Partnership, World Bank, Mining, Private sector, USD, Energy, FMO, Natural Resources, Growth, International Finance Corporation, World Bank Group, Renewable energy

13 December 2023: Release by Scatec (Release), has signed a USD 100 million loan agreement with the World Bank's International Finance Corporation (IFC).

Key Points: 
  • 13 December 2023: Release by Scatec (Release), has signed a USD 100 million loan agreement with the World Bank's International Finance Corporation (IFC).
  • Release operates on a unique leasing model, providing flexible short- or long-term contracts for the mining and utilities market, primarily in Africa, based on modular, movable and redeployable equipment.
  • The purpose of the guarantee facility is to guarantee payments to Release from the counterparties leasing the solar and battery equipment.
  • The partnership with IFC will thereby represent a significant catalyst for further growth of the Release platform.