Fund of funds
SDG Frontier Fund
The SDG Frontier Fund (SDG FF) is a self-managed fund-of-funds established in December 2019 by the Belgian Investment Company for Developing Countries (BIO). It operates as a Belgian investment vehicle with the dual objective of generating positive social and environmental impact alongside financial returns. The fund focuses on investing in private equity funds managed by experienced fund managers, which then invest in micro, small, and medium-sized enterprises (MSMEs) in developing countries, specifically targeting frontier markets in Africa and Asia. Its core mission is to contribute to the United Nations Sustainable Development Goals (SDGs).
Investment focus
- Sectors
- Financial servicesTechnologyAgriculture and foodHealthcareSMEs
- Stages and strategies
- GrowthFund investmentsPrivate credit
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa
Fund commitments
- Cathay AfricInvest Innovation Fund (AfricInvest)
- Uhuru Growth Fund I
- GEF South Asia Growth Fund II
- Incofin India Progress Fund I
- Excelsior Capital Vietnam Private Equity fund
- African Rivers Fund III LP
- Navis Asia Credit Fund I
- Ascent Rift Valley Fund II L.P.
- TIDE Africa Fund II
- Omnivore Agritech & Climate Sustainability Fund III
- African Rivers Fund IV (ARV IV)
- AfricInvest Financial Inclusion Vehicle FIVE
- Ezdehar Mid-Cap Fund II
Sources
- Partner Researchers, accessed 14 November 2026