EDINBURGH, Scotland,
February 17, 2018 /PRNewswire/ --
Global Trade/Project Financier, Bachmann & Welser will
launch a USD 2 billion Project
finance fund in March 2018 with funds
that will be backed by several private and institutional
investors.
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)
The launch will coincide with Bachmann & Welser's Asian
Headquarters opening in Hong Kong.
The fund, which is to be called, B&W Global Project Finance
Fund, will provide financial support for projects which are focused
on building evidence of the types of infrastructure and businesses
that can make a measurable difference to people's financial
capability.
Funding will be available to organisations/companies globally.
There will also be funding available to scale up existing
programmes being financed by Bachmann & Welser, which have
already demonstrated results to test the effectiveness of the
project when reaching a wider group of people.
Commenting on the launch, Mr Edward
Bachmann, Chief Executive for Bachmann & Welser
said:
"We are pleased to be able to channel this funding to
businesses/organisations that can really deliver on promises. It is
vitally important that we assist our clients with interventions of
such kind. We hope to increase the size of the fund by the end of
this financial year."
The move is intended to enhance Bachmann's cross-border
commercial lending arm to Projects in emerging economies as well as
in advanced countries.
Bachmann & Welser's Global Financing business employs over
640 employees and serves many thousands of corporate customers.
Bachmann & Welser also has a substantial presence through
Project Finance in Africa,
Asia and South America. Bachmann & Welser makes
considerable ongoing investments in innovation and service
quality.
For further information, please contact the Media Relations
Manager.
Sarah Atkins, Media Relations
Officer, enquiries@bachmannwelser.com , Tel: +44(0)131-357-0361
SOURCE Bachmann & Welser Global Group & Subsidiaries