Further demonstrating the interest by institutional investors in social invesments, PGGM, the €88bn ($139bn) asset manager of Pensioenfonds Zorg en Welzijn, the Dutch healthcare pension fund, is making one of the world’s largest institutional commitments to microfinance by announcing an investment of €200m with specialist fund 
managers over the next two to three years.
PGGM has made its first investment worth €27m to the Dexia Microcredit Fund operated by Swiss fund manager BlueOrchard Finance. The initial allocation will make investments in microfinance projects in Africa, Asia, Latin America and Eastern Europe. Blue Orchard invests in financial institutions providing microcredit for families and small businesses that do not have access to regular financial institutions.
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