Development finance institution
Impact Fund Denmark
Denmark’s development finance institution, formerly the Investment Fund for Developing Countries.
Africa mandate and approach
Provides risk capital alongside private and institutional partners, including Danish pension funds, in green energy and infrastructure, food systems, health and financial services.
Investment focus
- Sectors
- Energy and powerInfrastructureAgriculture and foodHealthcareFinancial servicesManufacturing and industrials
- Stages and strategies
- GrowthFund investmentsSeedSeries B+
- Instruments
- EquityDebtMezzanine
- Regions
- Africa-wide, Global
- African markets named in public materials
- Nigeria, South Africa, Kenya
Funds managed
Selected portfolio and direct investments
- Africa GreenCo Group Limited
- ETC Group Limited
- New Forests Company Holdings I Limited
- Spiro
Recent investments and transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 10 Sep 2026 | Private Infrastructure Development Group (PIDG) and Impact Fund Denmark (IFDK) invest USD 11.5 million in Africa GreenCo's operations in Southern Africa | Private Equity, Infrastructure & Project Finance | $11.5m | Zimbabwe |
| 31 Jul 2026 | FMO, TDB Group and partners invest USD 600 million in Export Trading Group (ETG) Africa | Private Credit | $600m | Mozambique |
| 1 Jun 2026 | Impact Fund Denmark, Equitane and partners invest in Spiro's operations in Africa for USD 215 million | Venture Capital | $215m | Uganda |
| 19 May 2026 | Impact Fund Denmark invests in New Forests Company's operations in Uganda and Tanzania for DKK 160 million | Private Equity | $24.9m | South Africa |
| 22 Dec 2025 | Impact Fund Denmark invests USD 6 million in Africa GreenCo, backed by a EUR 50 million European Commission guarantee | Private Credit, Infrastructure & Project Finance | $64.5m | Zambia |
Sources
- Impact Fund Denmark official website, www.ifu.dk. Accessed 14 November 2026; link checked 14 November 2026.
- Partner Researchers, accessed 14 November 2026