Danish SDG Investment reaches DKK 4.85bn final close

The fund closed short of its original target of DKK 5bn. A first close was held on DKK 4.1bn in June 2018. 

The vehicle received private commitments of DKK 2.9bn, while IFU's capital contribution comes to DKK 1.95bn.

The fund was launched in June 2018 by six Danish pension schemes that joined forces with IFU.

Investors
PKA, PensionDanmark, PFA, ATP, JØP/DIP and PenSam committed DKK 400m each to the fund, while IFU contributed DKK 1.65bn and private-sector investor Navest contributed DKK 80m.

SEB Life & Pension, which is the only Swedish investor in the fund, committed DKK 200m.

Secure SDG Fund and Chr Augustinus Fabrikker Akts, also committed to the vehicle, according to a recent press release.

Investments
The fund will invest in agribusiness, renewable energy, infrastructure, water and sanitation, as well as the services and financial sectors. It aims to contribute to the realisation of the 17 UN Sustainable Development Goals.

The Danish fund will invest 30-40% in Africa, 30-40% in Asia, 10-20% in Latin America, and 10-20% in Europe, the Middle-East and North Africa. Among the European countries targeted are Albania, Bosnia & Herzegovina and Kosovo.

Danish SDG Investment Fund is a blended finance vehicle and public-private-partnership, where the private sector contributes 60% of the capital and IFU 40%.

People
Investment Fund for Developing Countries – Torben Huss (CEO).

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