Generating returns with world-changing capital
The Growth Markets Impact Fund (SDG Fund II) is launched in collaboration with five major Danish pension funds. With investments in emerging markets that are expected to deliver strong growth and outperform returns in advanced economies, the Fund targets a net IRR of 12-15% in DKK, while generating meaningful impact for investors, communities and the planet.
No other emerging market impact fund offers a similar unique combination of downside protection and preferred return, allowing investors to pursue deep impact through direct investments.
Unique downside protection
Institutional investors are offered a unique combination of downside protection and preferred return on their investment reducing financial risk in the event of unforeseen circumstances and protecting returns under adverse conditions.
We seize growth opportunity
SDG Fund II targets selected growth markets with strong structural tailwinds – including demographics, urbanisation, digital adoption and the energy transition- while maintaining tolerable country exposure. This ensures superior, repeatable value creation with clear exit pathways, while keeping country risk at levels aligned with our return objectives.
We deliver tangible and measurable impact
We invest to support the green transition and contribute to just and inclusive economies. The Fund conducts systematic screening and validation of impact creation across people and planet and additionality in all investments – in strong collaboration with industry leaders. We are among the global impact leaders according to Bluemark – the world’s most prominent independent verifier of impact investors.
Five major pension funds as anchor investors
SDG Fund II was launched on 20 November 2024, with four anchor investors – PFA, PKA, P+ and PenSam. PBU invested in the fund in April 2025.
Interested in hearing more about private investor opportunities?
We encourage Danish companies, private funds, pension funds and anyone interested in hearing more about our investment opportunities or the fund in general to contact our Head of Investor Relations, Kristoffer Nilaus Tarp. You can find his contact information below.
Head of Investor Relations
Kristoffer Nilaus Tarp
+45 33 44 12 64
SDG Fund I demonstrates strong impact
The Danish SDG Investment Fund (SDG Fund), launched in 2018, is fully invested with DKK 3.8bn. Explore the impact, results and read more about the fund below.
