The John D. and Catherine T. MacArthur Foundation has teamed up with Allianz Global Investors and FMO Investment Management to create a unique fund structure that will lend to companies developing impact projects in frontier markets.
The SDG Loan Fund has raised $1.1 billion to put to work in frontier markets, including Latin America, Asia, Africa, and Eastern Europe, in three sectors: energy, financial institutions, and agribusiness. The fund will lend capital to small and medium-sized businesses in those regions that address the United Nation’s Sustainable Development Goals.
“The fund takes pieces that already existed and brings them together in a very powerful way,” said Debra Schwartz, managing director of impact investment at the MacArthur Foundation.
Allianz, FMO, and Swedish financial services firm Skandia are among the…
