Nepal's Dolma Fund raises $50m for second fund, sets $75m hard cap

Kathmandu, Nepal. Photo by Laurentiu Morariu on Unsplash

Nepal-based Dolma Fund Management has held a second close of its second fund, bringing the total commitments to $50 million, said the US International Development Finance Corporation (DFC), which has committed up to $12 million to the vehicle.

Other limited partners in the fund, Dolma Impact Fund II (Dolma II), include Dutch lender FMO, the UK’s development finance institution CDC Group, Swedish development finance institution Swedfund, and the World Bank Group’s IFC.

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