Investor relations

Investment philosophy

Our investment approach is long-term, impact driven, and combines commercial discipline with a strong local presence.

Our strategy is collaborative – we co-invest with private investors, development finance institutions (DFIs) and institutional partners.

We offer a tailored mix of equity and debt, always guided by impact creation as our primary criteria. An attractive investment for Impact Fund Denmark combines impact and financial returns – a wind farm increasing MWh output, simultaneously increase returns and access to green energy.

Blended finance

Private investor opportunity

Impact Fund Denmark manages a suite of blended finance products designed to enable private investors to participate in high-impact investments in emerging markets – with reduced risk.

Blended finance products are structured to meet higher risk-adjusted return expectations than our traditional facilities, while maintaining a strong impact focus.

Our blended finance funds

Open for investment

SDG Fund II

Launched in 2024, SDG Fund II targets a 12–15% annual net return, fully risk-reflective. The fund invests in scalable private sector solutions that support the UN Sustainable Development Goals in selected developing countries.
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Closed for investment

SDG Fund I

Launched in 2018, SDG Fund I targets 12-15% annual net returns through investments aligned with the SDGs.
Closed for investment

Danish Agribusiness Fund

Launched in 2016, this fund targets a 10% annual net return through investments across the agribusiness value chain in developing markets.
Closed for investment

Danish Climate Investment Fund

Launched in 2014, this fund focuses on green energy and infrastructure, targeting a 12% annual net return.

Impact commitment

Impact Fund Denmark integrates impact at every stage of the investment process.

Our investment criteria

Impact first

We have a clear intent to create positive social or environmental impact.

Sector alignment

Projects must align with our sectors – green energy & infrastructure, healthcare, sustainable food systems and financial services.

Developing countries

We only operate in developing countries as defined by the OECD.

Commercial viability

We demonstrate commercial viability through a proven track record, strong management, and robust financials.

All investments must contribute to one or both of our defined impact priorities: Building green societies and/or building just and inclusive societies.

Impact priorities

Impact priorities

Green societies

By supporting businesses that adapt to climate change, shift production and consumption patterns, or provide other environmental services and benefits.
Impact priorities

Just & inclusive societies

By supporting businesses that create jobs and provide access to essential services, including to underserved groups.

Top 20 best impact investors

Rated by BlueMark, Impact Fund Denmark has been recognised as one of top 20 best impact investors globally – both in 2024 and 2025.

Risk mitigation strategy

Our blended finance products are designed to make investing in underserved markets more attractive to private investors through risk mitigation.

Impact Fund Denmark engages actively with each portfolio company to improve sustainability and reach impact targets throughout the ownership period.

We mitigate risk through:

  • Diversification across countries and sectors
  • A focus on infrastructure-like projects with stable cash flows
  • Preferential risk structures and loss guarantees for private investors
  • Robust ESG and anti-corruption screening

Experience and expertise

Impact Fund Denmark invests with over 50 years of experience in emerging markets, with local networks and presence. We have a clear mandate to generate measurable social and environmental impact.

Global footprint

Experience from +100 developing countries

Cherishing public partnerships for global development, Impact Fund Denmark can engage in all OECD ODA recipient countries We have executed more than 1,300 projects across more than 100 countries.

On the map: OECD ODA recipient countries and our regional offices and representations.