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SDG Frontier Fund

Equity : March 2020

BIO has invested EUR 6.33 M in equity in the SDG Frontier Fund, a closed-ended, self-managed private equity fund of funds.

Amount

€ 6,330,000.00

Type of investment

Equity

Beneficiary locations

Africa:
Asia:
Latin America and Caribbean:
Middle East:

Investment field

Investment Companies & Funds

Activity

Fund of Funds

Organisation

SDG Frontier Fund

Domicile

Belgium

More investments by

SDG Frontier Fund

  • Equity $ 5,000,000.00 (2024)
  • Debt € 4,495,000.00 (2020)
  • Equity $ 3,500,000.00 (2023)
  • Equity $ 2,500,000.00 (2022)
  • Equity $ 2,500,000.00 (2022)
  • Equity € 3,200,000.00 (2022)
  • Equity $ 1,700,000.00 (2021)
  • Equity € 4,000,000.00 (2021)
  • Equity € 3,500,000.00 (2021)
  • Equity $ 4,000,000.00 (2020)
  • Equity $ 1,700,000.00 (2020)
  • Equity $ 2,200,000.00 (2020)
  • Equity $ 2,200,000.00 (2020)

The SDG Frontier Fund is a closed-ended self-managed private equity fund of funds (FoF), focusing on SMEs across sectors in frontier markets of Africa and Asia to promote job creation and sustainable economic growth. It aims to invest in 5 to 12 private equity funds and will only invest in funds in which BIO has invested.

SDG Frontier Fund

The goal of the SDG Frontier Fund is to generate an attractive financial return combined with a high development impact.

Learn more

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

African Rivers Fund III

Democratic Republic of Congo, Uganda

The SDG Frontier Fund has invested EUR 1.5 M in equity in the African Rivers Fund III, an SME fund which invests in small and medium-sized enterprises in Central and Eastern Africa.

Ascent Rift Valley Fund II

Ethiopia, Kenya, Rwanda, Tanzania, Uganda

The SDG Frontier Fund has invested EUR 2 M in equity in Ascent Rift Valley Fund II, an SME Fund targeting fast-growing SMEs in Eastern Africa.

South Asia Growth Fund II

Bangladesh, India

The SDG Frontier Fund has invested EUR 2 M in the South Asia Growth Fund II LP (SAGF II), a 10-year closed-end investment fund that will invest in energy efficiency and clean energy sectors.

Incofin India Progress Fund

India

The SDG Frontier Fund has invested EUR 2 M in equity in the Incofin India Progress Fund, a Financial Inclusion and Agribusiness Fund focused on India.

Excelsior Capital Vietnam Private Equity Fund

Vietnam

The SDG Frontier Fund has invested EUR 2 M in Excelsior Capital Vietnam Private Equity Fund, a private-equity fund focused on Vietnam.

Cathay Africinvest Innovation Fund

Egypt, Kenya, Nigeria, South Africa

The SDG Frontier Fund has invested EUR 2 M in Equity in the Cathay Africinvest Innovation Fund Ltd, a Pan African SME Fund.

View more of our investments in this region

Société de Microcrédits Congolais

5,000,000.00

  Democratic Republic of Congo

  01/04/2026

Financial Institutions

Prime Bank

20,000,000.00

  Bangladesh

  12/03/2026

  Debt

Enterprises

Orchidia Pharmaceutical Industries

8,100,000.00

  Egypt

  01/02/2026

  Equity

Enterprises

Limbua Group

 141,025.00

  Kenya

  01/02/2026

  Subsidy

Investment Companies & Funds

Kampani

 2,000,000.00

  29/01/2026

  Equity

Financial Institutions

Vital Finance

 3,000,000.00

  Benin

  13/01/2026

  Debt

Investment Companies & Funds

Adenia Entrepreneurial Fund

15,000,000.00

  01/01/2026

  Equity

Infrastructure

Bandwidth and Cloud Services

15,000,000.00

  Democratic Republic of Congo, Malawi, Mozambique, Zambia, Zimbabwe

  01/01/2026

  Debt

Infrastructure

Sawa Energy

 29,500.00

  Uganda

  18/12/2025

  Subsidy