Development finance institution
DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH)
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is a development finance institution and a wholly owned subsidiary of KfW Group. Established in 1962, DEG provides long-term financing and advisory services to private enterprises operating in developing and emerging-market countries. Its investment strategy focuses on supporting sustainable economic growth by financing projects that contribute to the development of the private sector in partner countries. DEG offers a range of financial products, including loans, equity investments, and mezzanine financing, aiming to promote entrepreneurship, create jobs, and improve living conditions. As of 2024, DEG's portfolio includes investments in over 70 countries, with a total commitment of approximately EUR 11.6 billion.
Investment focus
- Sectors
- Financial servicesManufacturing and industrialsAgriculture and foodConsumerEnergy and powerSMEsHealthcareInfrastructure
- Stages and strategies
- SeedGrowthFund investmentsBuyoutProject finance
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa
Fund commitments
- Pembani Remgro Infrastructure Fund I
- Vantage Mezzanine Fund I
- African Local Currency Bond Fund (ALCBF)
- OrbiMed Asia Partners V, L.P.
- Arbaro Fund SCSp
- ASEAN Frontier Markets Fund (AFMF)
- Facility for Energy Inclusion
- VI (Vietnam Investments) Fund IV L.P.
- Revo Capital Fund III
- Takura II
- Openspace Ventures IV, L.P.
- Amicus Capital Partners India Fund II
- Amicus Capital Partners II
- Metier AMN Partnership
- Avataar Venture Partners II
- Acon Latin America Opportunities Fund V
- Amethis Fund II
- Rymel Ingenieria Electrica S.A.S
- Darby Latin America Fund IV
- Adenia Capital V L.P.
- Quona Accion Inclusion Fund III
- Adenia Capital III
- Adenia Entrepreneurial Fund I (AEF I)
- Helios Investors V
- Horizon Capital Growth Fund IV
- Atlantic Coast Regional Fund II (ACRF II)
- African Development Partners IV
- RMBV North Africa Fund III
- Lendable MSME Fintech Credit Fund II (LMFCF II)
- Vietnam Investments Fund IV
- Mediterrania Capital Partners III
- Apis Growth Fund III (AGF III)
- Lereko Metier Sustainable Capital Fund
- Ashmore Andean Fund III
- Catalyst Fund I
- Mediterrania Capital IV
- Lereko Metier REIPPPP Fund
- Metier Sustainable Capital International Fund II
- Global Growth Guarantee Fund (3xG Fund)
- TIDE Africa Fund II
- Apis Growth Fund II
- Fibonacci India Fund Co Limited (Phi Capital)
- Alcazar Energy Partners II (AEP II)
- Creador VI, L.P.
- Emerging Markets Infrastructure Fund II (A.P. Moller Capital)
- African Infrastructure Investment Fund 4 (AIIF IV)
- Quadria Capital Fund III LP
- Jungle Ventures Fund V
- Wavemaker Global Partners V
- Mediterrania Capital Partners II
- ECP Africa Fund IV
- PI Fund V (Ontario), L.P.
- Exacta Asia Investment III LP
- AfricInvest Fund IV (AfricInvest)
- Vantage Mezzanine Fund IV
- Africa Go Green Fund
- Alterra Africa Accelerator Fund
- Kibo Fund I
- AfricInvest Fund III
- Ethos Mezzanine Partners III
- Nature Based Carbon Fund
- African Development Partners I (ADP I)
- Lorax Capital Partners Fund II
- Wavemaker Pacific 5, L.P.
- L Catterton Latin America IV-B, L.P
- AFRICON (Connect GmbH & Co. geschlossene Invest KG)
- European Financing Partners S. A
- EFP
- Vertex Ventures (SG) SEA V LP
- LC Healthcare SEA Fund I, L.P.
- Latin American Green Bond Fund S.A. SICAV-SIF
- European Financing Partners V
- Verod Capital Growth Fund III
- SIMA Commercial & Industrial Solar Green Bond
- Digital East Fund III, SCSp
- Interact Climate Change Facility
- Amethis Fund III
- Phi Capital Growth Fund 1.6
- Growtheum Capital Partners SEA Fund I LP
- Maghreb Private Equity Fund III (MPEF III)
- Catalyst MENA Clean Energy Fund LP I
- Vinci Capital Partners IV A
- LP / Canada
- Zambia Venture Capital Fund I
- Ascent Growth Trust V
- Jungle Ventures V L.P.
- Actis Asia Climate Transition SCSp
- AFIG Fund II LP
- Regional MSME Investment Fund for Sub‑Saharan Africa (REGMIFA)
- NXTP III, L.P.
- Metier Capital Growth Fund II (MCGF II)
- Schulze Global Ethiopia Growth and Transformation Fund I
- Riverwood Capital Partners Latam II L.P.
- Uhuru Growth Fund I
- Abraaj North Africa Fund II (ANAF II)
- DIC Latin American Fund IV
- L.P./Canada
- CIFI Sustainable Infrastructure Debt Fund L.P.
- Maghreb Private Equity Fund IV (MPEF IV)
- New Africa Mining Fund II (NAMF II)
- EuroMena Fund III (EuroMena)
- Citadel Africa Joint Investment Fund
- Asia Partners II L.P.
- Partech Africa Fund II
- Kibo Fund II
- African Infrastructure Investment Fund III (AIIM)
- Convergence Partners Digital Infrastructure Fund
- Aureos Africa Health Fund
- Africa Agriculture and Trade Investment Fund (AATIF)
Sources
- Partner Researchers, accessed 14 November 2026
- https://www.adenia.com/news/adenia-hits-180-million-hard-cap-at-first-close-for-entrepreneurial-fund-announces-first-investment/, www.adenia.com. Accessed 14 November 2026.
- https://impact-investor.com/lendable-makes-combined-300m-first-close-for-two-blended-finance-funds/, impact-investor.com. Accessed 14 November 2026.
- https://amethis.com/en/amethis-and-edmond-de-rothschild-private-equity-announce-the-final-closing-of-amethis-fund-iii-in-line-with-its-target-at-eur-406m/, amethis.com. Accessed 14 November 2026.
- https://www.cygnumcapital.com/news/deg-provides-eur-30m-funding-to-africa-gogreen-fund-to-scale-energy-efficiency-and-climate-friendly-solutions-across-africa, www.cygnumcapital.com. Accessed 14 November 2026.
- https://empowerafrica.com/deg-invests-25-million-in-helios-fund-v-to-support-growth-of-african-enterprises/, empowerafrica.com. Accessed 14 November 2026.
- https://www.mcapitalp.com/mediterrania-capital-partners-reaches-e600-million-final-close-of-its-fourth-fund-mediterrania-capital-iv-mid-cap/, www.mcapitalp.com. Accessed 14 November 2026.
- https://www.avca.africa/news-insights/member-news/alterra-has-announced-the-first-close-for-the-alterra-africa-accelerator-fund-aaa-fund/, www.avca.africa. Accessed 14 November 2026.
- https://techtrends.africa/global-vc-firm-partech-secures-largest-africa-focused-fund-at-263-million/, techtrends.africa. Accessed 14 November 2026; link checked 15 November 2026.
- https://www.businesswire.com/news/home/20230130005010/en/Adenia-Partners-Announces-%24300-Million-First-Close-for-Fund-V, www.businesswire.com. Accessed 14 November 2026.
- https://www.africaglobalfunds.com/news/private-equity/fundraising/pembani-remgro-infrastructure-fund-hits-first-close-at-245m/, www.africaglobalfunds.com. Accessed 14 November 2026.