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Investing in the world

Swedfund’s investments have a wide geographical spread. In accordance with our Owner’s instructions, our focus is on the world’s least developed countries, which above all means sub-Saharan Africa. During the year, Swedfund has made many investments in new companies, along with a number of additional investments in ongoing investments.
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Portföljbolagens verksamhetsländer och det är där våra investeringar skapar utvecklingsresultat. Vårt arbete tar avstamp i vår förändringsteori (Theory of Change). Det innebär att vi gör en analys av hur en potentiell investering kan bidra till förändring samt vilka direkta och indirekta
Lorem ipsum dolor
Portföljbolagens verksamhetsländer och det är där våra investeringar skapar utvecklingsresultat. Vårt arbete tar avstamp i vår förändringsteori (Theory of Change). Det innebär att vi gör en analys av hur en potentiell investering kan bidra till förändring samt vilka direkta och indirekta
Lorem ipsum dolor
Portföljbolagens verksamhetsländer och det är där våra investeringar skapar utvecklingsresultat. Vårt arbete tar avstamp i vår förändringsteori (Theory of Change). Det innebär att vi gör en analys av hur en potentiell investering kan bidra till förändring samt vilka direkta och indirekta

PERIOD REPORT 23.01.01–23.12.31

N
New Investments
O
Ongoing Investments
+
Additional investment in ongoing investments
E
Exited Investments

Africa

O
Investment: Adenia Capital III LLC LTD
Sector: Sustainable Enterprises
O
Investment: AFIG Fund II LP
Sector: Sustainable Enterprises
O
Investment: African Development Partners II LP
Sector: Sustainable Enterprises
O
Investment: African Development Partners III LP
Sector: Sustainable Enterprises
O
Investment: African Infrastructure Investment Fund 4
Sector: Energy & Climate
O
Investment: AfricInvest Fund III LLC
Sector: Sustainable Enterprises
O
Investment: Africa Renewable Energy Fund II
Sector: Energy & Climate
O
Investment: African Rivers Fund III
Sector: Financial Inclusion
O
Investment: Bayport Management LTD
Sector: Financial Inclusion
O
Investment: BluePeak Private Capital Fund
Sector: Financial Inclusion
O
Investment: ECP Africa Fund III PCC
Sector: Sustainable Enterprises
O
Investment: Evolution II
Sector: Energy & Climate
O
Investment: Frontier Energy Fund II
Sector: Energy & Climate
O
Investment: Ninety One Private Equity Fund 2 L.P.
Sector: Sustainable Enterprises
O
Investment: Medical Credit Fund II
Sector: Sustainable Enterprises
O
Investment: Metier Sustainable Capital Fund II
Sector: Energy & Climate
O
Investment: Norsad Finance
Sector: Financial Inclusion
O
Investment: Platcorp Holdings Ltd
Sector: Financial Inclusion
O
Investment: Serengeti Energy
Sector: Energy & Climate
O
Investment: SunFunder
Sector: Energy & Climate
O
Investment: Tide Africa Fund II
Sector: Sustainable Enterprises
O
Investment: TLG Credit Opportunities Fund
Sector: Financial Inclusion
O
Investment: Vantage Mezzanine Fund IV
Sector: Financial Inclusion
N
Investment: Amethis Fund III
Sector: Sustainable Enterprises
N
Investment: African Rivers Fund IV
Sector: Financial Inclusion
N
Investment: Evolution III
Sector: Energy & Climate
N
Investment: E3 Low Carbon Economy Fund I
Sector: Energy & Climate
N
Investment: Joliba Capital Fund I
Sector: Sustainable Enterprises
N
Investment: Transform Health Fund
Sector: Sustainable Enterprises

Global

O
Investment: EFP
Sector: Other
O
Investment: Interact Climate Change Facility
Sector: Energy & Climate

Africa and asia

O
Investment: Accion Digital Transformation Fund
Sector: Financial Inclusion
O
Investment: Apis Growth Fund II LP
Sector: Sustainable Enterprises
O
Investment: Climate Investor Two
Sector: Energy & Climate
+
Investment: d.light
Sector: Energy & Climate
+
Investment: Husk Power Systems INC
Sector: Energy & Climate
N
Investment: Apis Growth Markets Fund III
Sector: Sustainable Enterprises
N
Investment: Mirova Gigaton Fund
Sector: Energy & Climate
E
Investment: Mirova Gigaton Fund
Sector: Energy & Climate

asia

O
Investment: Apis Growth Fund I LP
Sector: Sustainable Enterprises
O
Investment: ASEAN Frontier Market Fund (AFMF)
Sector: Sustainable Enterprises
O
Investment: Climate Investor One
Sector: Energy & Climate
O
Investment: Quadria Capital Fund II
Sector: Sustainable Enterprises
O
Investment: Renewable Energy Fund Asia II LP
Sector: Energy & Climate
O
Investment: SUSI Asia Energy Transition Fund
Sector: Energy & Climate
N
Investment: Southeast Asia Clean Energy Fund II
Sector: Energy & Climate

Egypt

O
Investment: Gamma Knife Center SAE
Sector: Sustainable Enterprises

Uganda

O
Investment: Hospital Holdings Investment B.V.
Sector: Sustainable Enterprises
O
Investment: Platcorp Holdings Ltd
Sector: Financial Inclusion

Rwanda

O
Investment: Kasha Global
Sector: Sustainable Enterprises

Ivory Coast

O
Investment: Adenia Capital III LLC LTD
Sector: Financial Inclusion

Nigeria

O
Investment: Azura-Edo IPP
Sector: Energy & Climate
E
Investment: Access Bank PLC
Sector: Financial Inclusion

South sudan

+
Investment: Kinyeti Venture Capital LTD
Sector: Sustainable Enterprises

Somalia

O
Investment: Nordic Horn of Africa Opportunities (NHAO) Fund
Sector: Sustainable Enterprises

Ethiopia

O
Investment: Radisson Blu – Addis Ababa (Emerald)
Sector: Other
E
Investment: DBL Industries PLC
Sector: Other

South africa

O
Investment: Afrinord Hotel Investments
Sector: Other

Zimbabwe

O
Investment: NMB Zimbabwe LTD
Sector: Financial Inclusion

Malawi

O
Investment: JCM Power Corporation
Sector: Energy & Climate

Kenya

O
Investment: Victoria Commercial Bank
Sector: Financial inclusion
O
Investment: Co-operative Bank of Kenya
Sector: Financial inclusion
O
Investment: Jacaranda Health Ltd
Sector: Sustainable Enterprises
O
Investment: Catalyst II
Sector: Sustainable Enterprises
O
Investment: Equity Bank Kenya LTD
Sector: Financial Inclusion
O
Investment: Hospital Holdings Investment B.V.
Sector: Sustainable Enterprises
O
Investment: JCM Power Corporation
Sector: Energy & Climate

Ukraine

O
Investment: Greenteco SES (Chigirin Solar Project)
Sector: Energy & Climate
N
Investment: Horizon Capital Growth Fund IV
Sector: Sustainable Enterprises

Georgia

O
Investment: Bank of Georgia
Sector: Financial Inclusion

Nepal

O
Investment: Dolma Impact Fund II
Sector: Sustainable Enterprises

Vietnam

N
Investment: Vietnam Prosperity Joint Stock Commercial Bank
Sector: Financial Inclusion

Sri lanka

O
Investment: LOLC Finance PLC
Sector: Financial Inclusion

India

O
Investment: Baring India Fund II LTD
Sector: Sustainable Enterprises
O
Investment: HealthQuad Fund II
Sector: Sustainable Enterprises
O
Investment: Satin Creditcare Network Lgt
Sector: Financial Inclusion
O
Investment: CreditAccess Grameen
Sector: Financial Inclusion
O
Investment: Five-Star Business Finance
Sector: Financial Inclusion
O
Investment: GEF South Asia Growth Fund II
Sector: Energy & Climate
N
Investment: South Asia Growth Fund III
Sector: Energy & Climate

Pakistan

O
Investment: JCM Power Corporation
Sector: Energy & Climate
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