Armstrong reaches $130m third close on SE Asia energy fund
Netherlands Development Finance Company FMO, the Swiss Investment Fund for Emerging Markets (SIFEM) and the IFC Catalyst Fund will invest about $45 million to Armstrong Asset Management's Southeast Asia cleantech fund, bringing the total capital raised to $130 million. A final close of $150 million is expected by September.
The 10-year fund invests in small-scale renewable energy and resource efficiency projects in Southeast Asia. It expects to make a total of between 10 to 15 investments, ranging from $5 million to $12 million....
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