Posts Tagged ‘PGGM india grassroots equity fund’

MicrofinanceFocus, July 17, 2009: Dutch pension fund PGGM will invest 43 million euros ($60m) over the next two years in a global microfinance equity fund run by Grassroots Capital, mainly meant for Indian microfinance sector, says a report by London-based Responsible-investor. PGGM has made one of the world’s largest institutional commitments to microfinance in developing countries, with 200 million euros over the next two to three years. This is second allocation of the fund by PGGM. In March 2008, it had allocated 27 million euros to the Dexia Microcredit Fund operated by Swiss fund manager BlueOrchard Finance. With this, the fund will have 130 million euros meant for the microfinance sector. Full story