Swedfund International AB
Last updated on 15 Mar 2024

Key facts


Government-owned institution whose goal is to eliminate poverty through creating sustainable businesses in challenging growth markets.

Drottninggatan 92-94
P.O. Box 3286
SE-103 65 Stockholm
Sweden

+46 8 725 94 00

www.swedfund.se
PUBLIC
1979
Credit rating (sovereign) (S&P)
AAA
Foreign currency

Exposure


2022 exposure

Financial inclusion
59%
Energy and climate
33%
Health
6%
Other
2%

2022 exposure

Africa

65 %

Asia

30 %

Europe

5 %

Products


  • Swedfund can offer loans to larger businesses, often in collaboration with other financiers
  • Swedfund can offer equity investments of USD 3 to 15 million
  • Fund investments can be offered, primarily to smaller businesses in the most poverty-stricken countries
  • Swedfund Project Accelerator:
    • Facilitates the development of sustainable projects in developing countries
    • Can provide financing, as a grant, for development of feasibility, and pre-feasibility studies for projects identified by a local project owner - a public institution
  • Technical assistance:
    • Funds are used primarily to strengthen Swedfund's investments regarding development effects, gender equality and sustainability including environment and climate, decent work and business ethics and anti-corruption
    • Maximum budget for each TA project is SEK 2 000 000
    • TA funding cannot be used for activities that are deemed to be part of a portfolio companies’ ongoing operations, such as replacing old equipment or employing competencies

Policies


  • Swedfund’s investments are based on a long-term yet time-limited involvement during a period of 5 to 10 years
  • It will partake as minority owners, and the main partner is expected to contribute with at least the same amount and is responsible for the running of the business
    • As partial owner, Swedfund actively follows the development of a project, and often has a representative on the board of directors
  • Swedfund’s three priority investment sectors are climate and energy, financial inclusion, and sustainable enterprises
  • Every investment must meet the targets set within Swedfund’s three pillars: impact on society, sustainability, and financial viability

News


  • 2023: Swedfund, EBRD and a number of other development financiers, signed an MoU on investments in the private sector as part of the reconstruction of Ukraine
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