TCX is pleased to announce that the Swiss State Secretariat for Economic Affairs (SECO), which came onboard as an investor in 2020, has decided to top up its investment in the Fund by USD 10 million. SECO invests in the fund’s sovereign tranche, in parallel with the existing investors BMZ from Germany, FCDO from the United Kingdom, the Dutch Ministry of Foreign Affairs and the European Commission. The additional investment will strengthen the capacity of TCX to provide currency hedging solutions for impact investments in developing countries.
Please find a press release with more information here.