The Armstrong South East Asia Clean Energy Fund, which supports small-scale renewable energy projects in Southeast Asia, has raised a total of $130 million. The IFC Catalyst Fund (run by a unit of the IFC), the Netherlands Development Finance Company (also known as FMO), and the Swiss Investment Fund for Emerging Markets were the three participants in the fund-raising process. The Armstrong South East Asia Clean Energy Fund was launched in 2012 by Singapore-based Armstrong Asset Management. It wants to secure a total of $150 million by end-September 2013. Recently, the fund has committed to provide about $30 million to support an initial pipeline of photovoltaic and biogas power projects developed by Annex Power in the Philippines, Thailand, and Indonesia.