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

Asia:
Latin America and Caribbean:
Middle East & North Africa:
Sub-Saharan Africa:

Investment field

Investment Companies & Funds

Activity

Fund of Funds

Organisation

SDG Frontier Fund

Domicile

Belgium

More investments by

SDG Frontier Fund

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

SDG Frontier Fund

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

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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.

Read impact and news about this project

SDG Frontier Fund Final Closing

News

SDG Frontier Fund Final Closing

29-04-2022

First-of-its-kind Belgian impact fund mobilises additional private resources to support African and Asian SMEs in their growth.

Read more
Greener money

News

Greener money

31-08-2021

Money is getting greener. The superlative in sustainable investing today is "impact investing". A growing global market that is already worth more than $700 billion.

Article originally appeared in MT Magazine in Dutch.

Read more
Repousser les frontières des investissements durables

News

Repousser les frontières des investissements durables

15-12-2020

An interview with Luuk Zonneveld, An-Heleen De Greef & Eric Van den Bosch on the SDG Frontier Fund, published in L'Eventail on the 10th of December 2020, written by Cédric Boitte.

This article was published in French.

Read more
You'll never make the world sustainable with only public money

News

You'll never make the world sustainable with only public money

02-07-2020

Financial return is worth twice as much if it also helps the world move forward. The Belgian government and business world collect 50 million euros for sustainable investments in the African and Asian private sector. "Investing is better than giving," says driving force Alexander De Croo, Minister of Development Cooperation. "You will only see a return on your investment if it has really made a difference."

Read more
SDG Frontier Fund first closing

News

SDG Frontier Fund first closing

02-07-2020

First-of-its-kind Belgian impact fund brings together 9 private investors to support sustainable economic growth in African and Asian frontier markets.

Read more

View more of our investments in this region

Electrical Controls and Switchgear Ltd.

Enterprises

Electrical Controls and Switchgear Ltd.

14,180.00

  Uganda

  06/02/2024

  Subsidy

Financiera Finexpar

Financial Institutions

Financiera Finexpar

17,940.00

  Paraguay

  15/01/2024

  Subsidy

EVN Finance Joint Stock Company

Financial Institutions

EVN Finance Joint Stock Company

10,000,000.00

  Vietnam

  09/01/2024

  Debt

TowerCo of Africa

Infrastructure

TowerCo of Africa

12,000,000.00

  Uganda

  09/01/2024

  Debt

SIMA Commercial & Industrial Solar Green Bond

Infrastructure

SIMA Commercial & Industrial Solar Green Bond

10,000,000.00

  Kenya, Nigeria, South Africa

  29/12/2023

  Debt

Nordic Solar

Infrastructure

Nordic Solar

8,800,000.00

  Nicaragua

  20/12/2023

  Debt

Aldea Coffee S.A.

Enterprises

Aldea Coffee S.A.

3,000,000.00

  Nicaragua

  12/12/2023

  Debt

Darby International Capital Latin American Fund IV

Investment Companies & Funds

Darby International Capital Latin American Fund IV

10,000,000.00

  Brazil, Colombia, Peru

  01/12/2023

  Equity

ACEP Group

Financial Institutions

ACEP Group

 4,824.00

  Niger

  28/11/2023

  Subsidy