Global law firm Dentons advised FSD Africa Investments (FSDAi), the investment arm of the UK aid-funded financial inclusion organization FSD Africa, on its investment in Lendable MSME Fintech Credit Fund (Lendable Fund), a Luxembourg Reserved Alternative Investment Fund (RAIF).

The Lendable Fund is an impact investment fund which provides financing to fintech companies in Asia and Africa that contribute to increasing financial inclusion for the underbanked populations. As such, the Lendable Fund qualifies as a “dark-green” fund under the EU Sustainable Finance Disclosure Regulation.

Glasgow-based senior associate Owen McLennan coordinated the efforts of a multijurisdictional Dentons team, while Luxembourg-based counsel Bruno Hrovat carried out the due diligence and legal negotiation, with support from partner Jean-Luc Fisch and associates Alexia André and Maria Rodriguez in Luxembourg, partners Adam Dunst and Sara Werner in New York, and partner Daniel Wanjau in Kenya.

“We are very proud to have advised FSDAi on this important investment, which will ultimately help individuals in Asia and Africa gain access to adequate finance, thus contributing to a more sustainable development of our planet,” said Bruno Hrovat.  “This deal not only demonstrates our international capabilities in investment funds, but also our niche experience in the growing area of ESG and impact finance.”

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