The European Investment Bank (EIB) has disclosed a proposed $15 million equity investment in the Displaced Communities Fund, managed by DWM Asset Management, LLC.
The fund primarily aims to provide equity support to microfinance institutions and inclusive financial institutions alongside a minority of investments in operating companies (in industries such as agribusiness and fintech) that enable the fund to reach its objective of reaching displaced populations, mainly in Africa, but also in other parts of the world.
The fund has a target size of $50 million to $75 million.
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