Development finance institution
Dutch Good Growth Fund (DGGF)
The Dutch Good Growth Fund (DGGF) is a development finance initiative established in 2014 by the Dutch Ministry of Foreign Affairs. Headquartered in The Hague, Netherlands, the fund is managed by a consortium comprising PwC and Triple Jump. DGGF aims to enhance access to finance for small and medium-sized enterprises (SMEs) in emerging markets, particularly those in the 'missing middle'—enterprises that are too large for microfinance but too small or risky for traditional banks.
Investment focus
- Sectors
- SMEsAgriculture and foodEnergy and power
- Stages and strategies
- SeedGrowthFund investments
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa
Fund commitments
- LoftyInc Alpha Fund I
- Badia Impact Fund II
- Adiwale Fund I, LP
- Alitheia IDF Fund
- Oasis Africa Fund I
- Novastar Ventures Africa Fund II
- Salt Equity Fund I
- Investment Fund for Health in Africa II
- Novastar Ventures East Africa Fund I
- Insitor Impact Asia Fund II
- Algebra Ventures Fund II
- African Rivers Fund I (XSML)
- First Circle Capital Africa Fund I
- Wangara Green Ventures Evergreen Fund
- Grofin Small and Growing Businesses Fund
- Ankur Capital Fund II
- Atlantica Ventures Fund
- Inside Equity Fund I
- Ibtikar Fund II, L.P.
- Sawari Ventures North Africa Fund I
- CardinalStone Capital Advisers Growth Fund II
- Triple Jump Financial Inclusion Resilience Fund
- African Rivers Fund III LP
- Sawari Ventures II
- Saviu Ventures Fund II
- Inside Equity Fund II
- Hummingbird One
- Iungo Capital
- Omnivore Agritech & Climate Sustainability Fund III
- Novastar Africa People and Planet Fund III
- African Rivers Fund IV (ARV IV)
- I&P Afrique Entrepreneurs 2 (IPAE 2)
- Africa Food Security Fund I
- Fund for Agricultural Finance in Nigeria (FAFIN)
- Azur Innovation Fund
Sources
- Partner Researchers, accessed 14 November 2026
- https://serrarigroup.com/cardinalstone-raises-76m-first-close-for-growth-fund-ii/, serrarigroup.com. Accessed 14 November 2026.
- https://www.hsfg.africa/news/charm-impact-launches-hummingbird-one-fund/, www.hsfg.africa. Accessed 14 November 2026.
- https://www.novastarventures.com/app/uploads/2026/05/FINAL1_Fund-III-Final-close.pdf, www.novastarventures.com. Accessed 14 November 2026.
- https://loftyinc.vc/loftyinc-capital-announces-43m-first-close-of-its-new-pan-african-seed-fund/, loftyinc.vc. Accessed 14 November 2026.
- https://www.africaprivateequitynews.com/p/saviu-ventures-announces-second-close, www.africaprivateequitynews.com. Accessed 14 November 2026.
- https://www.saltcapital.com/2024/10/24/salt-equity-i-fund-reaches-second-close/, www.saltcapital.com. Accessed 14 November 2026.
- https://www.africaprivateequitynews.com/p/first-close-for-inside-capitals-second?utm_source=publication-search, www.africaprivateequitynews.com. Accessed 14 November 2026.