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.
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
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
