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BlueOrchard Private Equity Fund (BOPE Fund), the largest commercial private equity fund in microfinance with total commitments of USD195 million, recently announced the first distribution to its investors. The distribution of USD 7.5 million only three years after its first closing includes proceeds from the successful partial exit from indirect shareholding in the parent company of XacBank in Mongolia. After the exit, BOPE Fund remains as direct shareholder of TenGer Financial Group, the single owner of XacBank, committed to the long-term success of the institution. We seek to combine social and financial returns with a long-term vision and commitment for the sustainable development of the microfinance sector, said Jean-Philippe de Schrevel, Manager of BlueOrchard Capital...
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