Allianz Global Investors and Dutch development bank FMO have launched one of the largest “blended finance” funds on record, raising $1.1 billion to invest in loans that help emerging and frontier countries meet sustainable development targets, according to a story from Reuters. The new SDG Loan Fund is structured with a first-loss investment from FMO that is backed by a guarantee from the MacArthur Foundation, which gave investors sufficient comfort to invest, Reuters reported.
The fund is the largest of its type since 2018 and one of the five biggest to date. It is MacArthur’s 11th and final investment through the Catalytic Capital Consortium (C3).
Read the full story from Reuters