Nepal's Dolma Fund Management hits first close of second impact fund at $40m

Patan Durbar Square, Patan, Nepal. Photo: Shaouraav Shreshtha, Unsplash

Nepal-based Dolma Fund Management has announced the first close of its second impact fund at $40 million.

The Dolma Impact Fund II — a private equity fund investing primarily in renewable energy, healthcare, and technology in Nepal — was backed by investors including Dutch lender FMO, the UK’s development finance institution CDC Group, Swedish development finance institution Swedfund, and the World Bank Group’s IFC, according to an announcement.

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