AFMF: ASEAN Frontier Markets Fund

Asia

Region

107.3

Commitment (MNOK)

Active

Status

The ASEAN Frontier Markets Fund (AFMF), is successor to the CLMDF ll and CLDF, where Norfund is currently invested. The Fund has a capital target of USD 90m and will provide growth capital to local SMEs in Cambodia and Laos. The Fund Manager, EMIA, was one of the first to pioneer the Cambodia and Laos market and remains as one of few managers in these countries.

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Key information

Sector:
SME Funds
Commitment (MNOK):
107.3
Year:
2021
Region:
Asia
Country:
Regional
Domicile:
Singapore
Instrument:
Funds
Status:
Active
Mandate:
Development

Additionality AFMF: Asean Frontier Markets Fund

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries
  • Investing in the riskiest markets
  • Investing in difficult business environments
  • Investing in sectors with high development needs
  • Investing in high risk instruments
  • Targeting underserved segments
  • Mobilising private investors
  • Taking an active role in investments
  • Improving social and environmental performance