Spanish DFI, COFIDES, invests in Huruma Fund
Madrid, April 2020.
COFIDES, the Spanish Development Finance Institution, has approved investing EUR 1 million in GAWA Capital's Huruma Fund. Huruma Fund has a target size of EUR 120 million, which includes EUR 90 million to be raised from private investors, a EUR 10 million first-loss tranche funded by the Europen Union and managed by COFIDES, in addition to EUR 20 million in concessional debt from AECID (via FONPRODE). In just three months, Huruma Fund had already raised EUR 60 million from private investors.
Huruma Fund is the first Spanish-led blended finance project, combining European Union and Spanish cooperation funds with private investment.
Read the original article here.