BACKGROUND

    IFU provides advisory services and risk capital to companies wishing to do business in developing countries and emerging markets

    Investments are made on commercial terms in the form of equity and loans. The purpose is to contribute to economic and social development in the investment countries and support the realisation of the UN Sustainable Development Goals.

    IFU and IFU managed funds have co-invested in 1,300 companies in 100 countries in Africa, Asia, Latin America and parts of Europe. Committed investments total DKK 209 billion, of which IFU has contributed DKK 23 billion.

    Neither aid, nor business grants

    IFU is an independent government-owned fund offering advisory services and risk capital to companies wishing to do business in developing countries and emerging markets.

    We are not a provider of aid or business grants. We work on a commercial basis, because we believe that business investment is a good way to create lasting economic improvement.

    Furthermore, IFU is fund manager of a number of other investment funds, including the Danish SDG Investment Fund.

    IFU makes risk capital available in the form of equity, loans or guarantees for project companies in one of the 146 countries eligible for IFU investment. In addition, IFU acts as an adviser during the establishment phase and a project company’s first few years in operation, typically pulling out when the company can operate on its own.

    Advisory services are provided by IFU’s investment managers based in Copenhagen or at one of our regional offices in Africa, Asia and Latin America.

    IFU and IFU managed funds have invested in 1,300 projects in 100 countries. Investments generally produce positive results and have turned out to be good business for all parties involved; for the host country, the partners and for IFU.

    Good business for developing countries

    Total investments to date amount to DKK 209bn, of which IFU has contributed DKK 23bn. This has helped to create close to one million jobs in the host countries. In addition, IFU’s presence has resulted in a transfer of knowledge and technology, the employees have received training and education, and economic activity and a basis of income have been created for the host countries.

    IFU also helps to highlight a project company’s corporate social responsibilities of ensuring that employees are given proper working conditions and that a project company’s production is socially and environmentally sustainable.

    Positive effects for Danish companies

    IFU has co-invested with more than 900 Danish companies. In the vast majority of cases, the project companies established in developing countries have been a success, making a positive contribution to the overall performance of the co-investing Danish company.

    The Danish companies have gained access to new markets, becoming able to plan and start up international and more efficient production. In many cases, this has also produced higher revenue in Denmark and stronger earnings.

    IFU’s mandate was changed as of 31 December 2016, so that IFU is no longer tied to Danish companies or a Danish interest.

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    Facts about IFU

    Here you can read the answers to some of the frequently asked questions about IFU.

    What is IFU’s objective?

    IFU’s objective is to contribute to economic and social development in the investment countries and support the realisation of the UN Sustainable Development Goals.

    What can IFU offer?

    IFU provides advisory services and risk capital to companies wishing to do business in developing countries and emerging markets.

    What kind of funding can IFU provide?

    IFU makes investments on commercial terms by committing equity capital or by providing loans or guarantees. Investments are channelled directly to a project company established in the relevant developing country.

    IFU advisory services

    IFU advises on how to prepare for, establish and operate project companies in developing countries. IFU offers advice on how to establish new companies, set up joint ventures with local business partners, or acquire already existing companies.

    These advisory services are provided in part by IFU representatives serving on the boards of the project companies established in developing countries.

    Advisory services are provided by IFU’s investment managers based in Copenhagen or at IFU’s regional offices in China, India, Singapore, Kenya, Ghana, Egypt, Brazil and Ukraine.

    How much can IFU invest?

    IFU can invest up to DKK 250 million per project company. Generally, IFU has a mandate to take up to a 30% stake in an investment project, but up to 49% in small projects.

    Who is eligible for investments by IFU?

    Any enterprise wishing to do business in one of the nearly 150 countries eligible for IFU investments.

    The requirements are:

    The business operation must be deemed to be commercially viable;

    Projects must have a development impact in the host country

    The host country must be on the list of developing countries eligible for IFU investment. Click here to see the list.

    Can IFU provide additional financing?

    Through its close relations with international and local financial institutions, IFU may assist in procuring additional funds for a project.

    How many investments have IFU made?

    Total committed investments by IFU and IFU managed funds amount to DKK 209bn in 1,300 companies, of which IFU has contributed DKK 23bn.

    IFU’s annual investment amounts to more than DKK 1bn and involves 20 to 30 companies.

    Where does the money come from?

    At year-end 2019, total capital under management by IFU was DKK 11.2bn. The capital has been contributed by the Danish State as well as private investors.

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    Key figures

    Key figures in 2019.

    In 2019, IFU and IFU managed funds contracted investments of DKK 1,103m in 25 companies. At the end of 2019, IFU had entered into 1,300 investment agreements in 100 developing countries. As per 31 December 2019, the active portfolio consisted of 196 project companies.

    By ultimo 2019, IFU and IFU managed funds had entered into agreements of a total amount of DKK 23bn, of which close to DKK 17bn had been disbursed.

    Financial highlights, IFU:

    Income statement DKKm
    Gross contribution from projects 46
    Operating income (loss) [*] 31
    Net income for the year 28

    Balance sheet at 31 December 2019
    Share capital investment in projects at cost 2,829
    Project loans at cost 1,053
    Total investment in projects at cost 3,883
    Accumulated value adjustments (87)
    Investments in projects, net 3,796
    Cash and bonds 518
    Paid-in capital during the year 337
    Repaid capital (50)
    Total equity capital 4,161
    Total balance 4,416

    Additional data
    New projects contracted (no.) 9
    Portfolio of projects end of year (no.) 170
    Investments contracted 670
    Undisbursed contracted investments incl. guarantees 2,977
    Binding commitments not yet contracted 460

    Key ratios
    Gross yield from projects 1.3%
    Net income for the year/Average total equity capital 0.7%
    Average number of full-time employees (all three funds) 88
     

    [*] Operating income = gross contribution from projects less operating expenses

     

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    Legal framework

    IFU is governed by the Act on International Development Cooperation.

    IFU was established by law in 1967. IFU is a self-governing institution with the objective of promoting investments that support sustainable development in developing countries and contribute to the realisation of the Sustainable Development Goals.

    IFU is not subject to the Danish Access to Public Administration Files Act, regarding its investments. Information regarding environment may under certain conditions be subject to disclosure according to the Environmental Information Act.

    IFU’s statutes are decided by IFU’s board and approved by the Minister for Development Cooperation.

    Tax policy

    Since IFU’s investment profits are reinvested in new projects in developing countries, IFU is exempted from paying corporate income tax in Denmark.

    The companies that IFU invests in must at all times comply with local tax laws and pay taxes in the country where they have their operations.

    IFU may make investments through holding companies domiciled in other countries than Denmark or the country where the project company is domiciled (so-called third countries), when it is commercially motivated and not with the principal purpose of reducing tax on payments from project companies. IFU will not use holding companies in third countries that are on the EU or OECD blacklist (i.e. the EU list of non-cooperative jurisdictions for tax purposes and the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes).

    IFU aims to be open about tax. Total reported corporate taxes from IFU’s project companies – split on continents – are published in IFU’s annual report and on IFU’s website. The website also has information on which of IFU’s investments are made through a holding company, including where the holding company is domiciled. In future, when an investment is made through a holding company in a third country, IFU will explain on its website the reason for this structure and how it complies with IFU’s policy on responsible tax.

    The Tax Dialogue

    The Tax Dialogue is a multi-stakeholder dialogue initiative set up by OXFAM IBIS to understand the challenges and opportunities regarding tax and corporate responsibility in the private sector.

    The aim of the Tax Dialogue is to discuss principles for responsible tax and how responsible tax policies can be an integral part of the business plan.

    IFU has been part of the Tax Dialogue from the beginning. We think it is important to be involved in the discussion and debate concerning some of the major challenges and risks facing international business in today’s globalised world regarding tax planning.

    Organisation

    IFU has its head office in Copenhagen and regional offices in Asia, Africa, Latin America and Europe

    IFU is managed by a board appointed by the Minister for Development Cooperation. The day-to-day management is performed by IFU’s managing director.

    Furthermore, IFU has an extensive network of external advisers with great know-how and management experience from companies in Denmark and abroad.

     

    Organisation chart

    Bestyrelse

    Michael Rasmussen | Chairman
    Member since 2000
    MSc (Economics). CEO, Nykredit. Other board memberships: Nykredit Bank A/S (chairman), Totalkredit A/S (chairman), Finance Denmark (chairman), Copenhagen Business School (deputy chairman), Sparinvest Holding SE (chairman).

    Lars Andersen | Deputy Chairman
    Member since 1994
    MSc (Economics). Managing Director, The Economic Council of the Labour Movement.
    Other board memberships: Industriens Pensionsforsikring A/S, Arbejdernes Landsbank A/S.

    Jens Jørgen Kollerup
    Member since 2009
    MSc (Dairy science). Managing Director, Ormholt A/S. Other board memberships: Arctic Group A/S, Vermund Larsen A/S (chairman), Royal Danish Fish Group A/S.

    Bjarne H. Sørensen
    Member since 2012
    MSc (Civil Engineering). Ambassador (retired).

    Mads Kjær
    Member since 2015
    Managing Director, Kjaer Group A/S
    Other board memberships: Kjaer Group A/S, Udsyn A/S, Ejendomsselskabet Svendborg ApS.

    Anne Broeng
    Member since 2019
    MSc (Economics)
    Professional board member.
    Other board memberships: Velliv (chairman), NNIT A/S, VKR Holding A/S, Velux A/S, ATP, Aquaporin A/S, NASDAQ Nordic OY og Rodinia aps.

    Signe Skovbakke Winding Albjerg
    Board observer
    Member since 2020
    Head of Department, Ministry of Foreign Affairs.

    Executive management

    Torben Huss | CEO
    MSc (Political Science), Copenhagen University
    PhD (Business Economics), CBS.

    Lars Krogsgaard | CIO
    MBA, Finance and International Business, Stern School of Business, New York University.
    Board memberships: ViroGates A/S,  Samplix S.à r.l., DCR Solutions A/S, Daintel ApS.

     

    Advisers

    Companies entering into dialogue with IFU can draw directly on a diverse group of IFU advisers, who have special expertise or local knowledge of the area in which project establishment is contemplated.

    IFU has approximately 40 consultants and advisers in a number of countries around the world.

    The network is extended continuously with the purpose of offering the best possible guidance when it comes to choice of partners, preparation and implementation of the projects.

    Most of the advisers are senior businessmen with considerable commercial experience. They have run their own business or have held a leading position in a local company. They have in-depth knowledge of local business culture, investment authorities, local financing institutions, accountants, lawyers, etc.

    The advisers can be contacted through IFU: Tel +45 33 63 75 00 or ifu@ifu.dk

     

    Employees

    • All departments
    • Communication
    • Finance & IT
    • HR
    • Investments
    • Legal
    • Executive Management
    • Sustainability
    Alexander Kronvall

    Alexander Kronvall

    Investment Manager +45 33 63 75 10 +45 22 68 75 10 akr@ifu.dk
    Aloysius Anker Horn

    Aloysius Anker Horn

    Senior IT Manager +45 33 63 75 33 aah@ifu.dk
    Anastasiia Erichsen

    Anastasiia Erichsen

    Investment and Administrative Supporter +45 33 44 12 24 ane@ifu.dk
    Anders Frigaard

    Anders Frigaard

    Senior Investment Manager +45 33 63 75 78 +45 30 12 84 65 afg@ifu.dk
    Anders Kjemtrup

    Anders Kjemtrup

    Director, Strategic Projects and Operations +45 33 44 12 26 +45 60 84 17 84 akj@ifu.dk
    Anders Paludan-Müller

    Anders Paludan-Müller

    Investment Director +45 33 63 75 22 +45 22 68 75 22 apm@ifu.dk
    Anne Kathrine Oxenvad

    Anne Kathrine Oxenvad

    Senior Investment Manager +45 33 63 75 96 +45 22 68 75 96 ako@ifu.dk
    Annelise Boysen

    Annelise Boysen

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 44 12 34 +45 41 38 12 34 abo@ifu.dk
    Annemette Ditlevsen

    Annemette Ditlevsen

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 41 12 41 +45 41 38 12 41 amd@ifu.dk
    Arent Christian Kjær

    Arent Christian Kjær

    Investment Director +45 33 63 75 66 +45 29 11 63 43 ack@ifu.dk
    Axel Hincheli Bjørum

    Axel Hincheli Bjørum

    Student +45 33 44 12 12 ahb@ifu.dk
    Barbara Viyera Marcussen

    Barbara Viyera Marcussen

    Investment Director +45 33 44 12 33 +45 41 38 12 33 bvm@ifu.dk
    Birgitte Bang Nielsen

    Birgitte Bang Nielsen

    Sustainability Director +45 33 63 75 26 +45 22 68 75 26 bbn@ifu.dk
    Birgitte Waage

    Birgitte Waage

    Project Manager, Communication +45 33 63 75 51 bwa@ifu.dk
    Bjarke Nielsen

    Bjarke Nielsen

    Senior Finance Manager +45 33 63 75 85 +45 22 68 75 85 bni@ifu.dk
    Carl-Jonas Elkjær

    Carl-Jonas Elkjær

    Student +45 33 44 12 37 cjo@ifu.dk
    Carl-Oscar Westerlund

    Carl-Oscar Westerlund

    Student +45 33 44 12 31 cow@ifu.dk
    Carsten Møllekilde

    Carsten Møllekilde

    Senior Legal Counsel, Head of Transactions +45 33 63 75 09 +45 22 68 75 09 cmo@ifu.dk
    Charlotte Skov

    Charlotte Skov

    Executive Assistant +45 33 63 75 57 +45 22 68 75 57 csk@ifu.dk
    Christian Holck

    Christian Holck

    Investment Manager +45 33 63 75 14 +45 22 68 75 14 chk@ifu.dk
    Christian Sejr Aagaard

    Christian Sejr Aagaard

    Student +45 33 44 12 13 csa@ifu.dk
    Christoffer Høyrup

    Christoffer Høyrup

    Legal Counsel +45 33 63 75 89 +45 22 68 75 89 cho@ifu.dk
    Christopher Holstein

    Christopher Holstein

    Investment Manager +45 33 44 12 47 +45 23 60 18 61 chh@ifu.dk
    Deepa Hingorani

    Deepa Hingorani

    Vice President, South Asia +65 906 675 91 dhi@ifu.dk
    Dinesh Kumar Verma

    Dinesh Kumar Verma

    Senior Regional Manager IT +91 11 2321 7160 dkv@ifu.dk
    Dorthe Mørkeberg Press

    Dorthe Mørkeberg Press

    Team Lead, Internal Service and Facility Management +45 33 63 75 55 +45 22 68 75 55 dmc@ifu.dk
    Elsebeth Haslund Rasmussen

    Elsebeth Haslund Rasmussen

    Investment Support +45 33 63 75 05 +45 22 68 75 05 ehr@ifu.dk
    Emil Sierczynski

    Emil Sierczynski

    Senior Investment Manager +45 33 44 12 21 ems@ifu.dk
    Filip Lüttichau

    Filip Lüttichau

    Student +45 33 44 12 14 fgl@ifu.dk
    Hai Viet Tran

    Hai Viet Tran

    Senior Investment Manager +45 33 63 75 00 +84 983 019 840 hvt@ifu.dk
    Hanka Haugland

    Hanka Haugland

    Accountant, Creditors and Administration +45 33 63 75 16 ifu@ifu.dk
    Hanne Vestergaard Christensen

    Hanne Vestergaard Christensen

    Accountant, Creditors and Administration +45 33 44 12 25 ifu@ifu.dk
    Helle Collet

    Helle Collet

    Senior Legal Counsel +45 33 63 75 83 +45 22 11 11 64 hco@ifu.dk
    Helle Planeta

    Helle Planeta

    Accountant, Project Investments +45 33 63 75 87 ifu@ifu.dk
    Henrik Henriksen

    Henrik Henriksen

    Investment Director +45 33 63 75 79 +45 21 73 36 93 hhe@ifu.dk
    Ib Albertsen

    Ib Albertsen

    Investment Director, SME +45 33 63 75 49 +45 22 68 75 49 iba@ifu.dk
    Ina Hoxha

    Ina Hoxha

    Investment Director +45 33 63 75 98 +45 22 87 17 71 iho@ifu.dk
    Jack Chen

    Jack Chen

    Senior Investment Manager +45 33 63 75 15 +86 18 61619 1723 jac@ifu.dk
    Jacob Klingemann

    Jacob Klingemann

    Investment Director +45 33 63 75 28 +45 22 68 75 28 jkl@ifu.dk
    Jakob Anker Tvede

    Jakob Anker Tvede

    Investment Director +45 33 44 12 16 +45 25 26 76 35 jtv@ifu.dk
    Jesper Gredeli Jensen

    Jesper Gredeli Jensen

    Knowledge Coordinator +45 33 63 75 06 jgj@ifu.dk
    Jesper Kaspersen

    Jesper Kaspersen

    Investment Manager +45 33 44 12 45 +45 41 38 12 45 jek@ifu.dk
    Jesper Tønder

    Jesper Tønder

    Investment Manager +45 33 63 75 52 +45 21 35 08 21 jto@ifu.dk
    Jonas Lau Kristensen

    Jonas Lau Kristensen

    Senior Investment Manager +45 33 63 75 81 +45 40 95 94 43 jlk@ifu.dk
    Jørgen Baun Høst

    Jørgen Baun Høst

    Student +45 33 44 12 42 jbh@ifu.dk
    Klaus Prebensen

    Klaus Prebensen

    Investment Director +45 33 63 75 03 +45 22 68 75 03 kpr@ifu.dk
    Landry Ahouansou

    Landry Ahouansou

    Investment Director +45 33 63 75 69 +233 (0) 552 710 723 lah@ifu.dk
    Lars Christian Oxe

    Lars Christian Oxe

    Development Impact Analyst +45 33 63 75 45 +45 22 68 75 45 lco@ifu.dk
    Lars Krogsgaard

    Lars Krogsgaard

    Chief Investment Officer +45 33 44 12 02 +45 28 44 91 71 lkg@ifu.dk
    Lauritz Stræde Hansen

    Lauritz Stræde Hansen

    Senior Investment Manager +45 33 63 75 88 +55 11 991 349 288 lsh@ifu.dk
    Lene Mollerup

    Lene Mollerup

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 44 12 32 +45 41 38 12 32 lmo@ifu.dk
    Linda Næsby Andersen

    Linda Næsby Andersen

    Coordinator +45 33 63 75 74 lna@ifu.dk
    Lis Marianne Bluhme

    Lis Marianne Bluhme

    Investment Support +45 33 63 75 21 lmb@ifu.dk
    Lisbeth Erlands

    Lisbeth Erlands

    Vice President, Europe & MENA +45 33 63 75 27 +45 22 68 75 27 le@ifu.dk
    Lise Orthmann

    Lise Orthmann

    HR Partner +45 33 63 75 19 +45 22 68 75 19 lio@ifu.dk
    Lone Bjørn Hansen

    Lone Bjørn Hansen

    Financial Accounts Manager +45 33 63 75 86 ifu@ifu.dk
    Lone Jespersen

    Lone Jespersen

    Investment Support +45 33 63 75 11 lj@ifu.dk
    Lucas Joachim Kolding

    Lucas Joachim Kolding

    Student +45 33 63 75 00 ljk@ifu.dk
    Lucia Grima Wencelblat

    Lucia Grima Wencelblat

    Legal Counsel +45 33 63 75 13 +45 22 68 75 13 lag@ifu.dk
    Marcus Flach-Jensen

    Marcus Flach-Jensen

    Investment Manager +45 33 44 12 39 +45 22 23 68 88 mfj@ifu.dk
    Mattie Legros

    Mattie Legros

    IT Supporter +45 33 63 75 35 mle@ifu.dk
    Mikala Henry Madsen

    Mikala Henry Madsen

    Student +45 33 63 75 47 mhm@ifu.dk
    Mikkel Kallesøe

    Mikkel Kallesøe

    Head of Sustainability and Impact +45 33 63 75 50 +45 22 68 75 50 mka@ifu.dk
    Milinda Wasalathanthri

    Milinda Wasalathanthri

    Senior Investment Manager +45 33 63 75 44 +45 22 68 75 44 mwa@ifu.dk
    Morten Buur Madsen

    Morten Buur Madsen

    Director, Strategic Projects and Operations +45 33 63 75 92 +45 22 68 75 92 mom@ifu.dk
    Morten Elkjær

    Morten Elkjær

    Vice President, Finance Sector +45 33 44 12 36 +45 41 38 12 36 moe@ifu.dk
    Nana Yaw Kwakye

    Nana Yaw Kwakye

    Investment Director +233 (0) 302 253 473/74 +233 24 4322 699 nyk@ifu.dk
    Natalia Ivashina

    Natalia Ivashina

    Financial Controller +45 33 63 75 07 ifu@ifu.dk
    Natalia Svejgaard

    Natalia Svejgaard

    Investment Director +45 33 63 75 31 +45 22 68 75 31 nsv@ifu.dk
    Natalya Kim

    Natalya Kim

    Legal Counsel +45 33 63 75 82 +45 50 22 00 27 nki@ifu.dk
    Nicolai Boserup

    Nicolai Boserup

    General Counsel, Senior Vice President, Strategy & Policy +45 33 63 75 58 +45 22 68 75 58 nib@ifu.dk
    Niels Gravgaard Laursen

    Niels Gravgaard Laursen

    CFO +45 33 63 75 80 +45 22 68 75 80 ngl@ifu.dk
    Nina Marboe

    Nina Marboe

    Investment Manager +45 33 63 75 02 +45 22 68 75 02 nma@ifu.dk
    Nitish Chawla

    Nitish Chawla

    Senior Investment Manager +45 33 63 75 30 +91 98 1170 3280 nch@ifu.dk
    Njeri Mungai Ngaruiya

    Njeri Mungai Ngaruiya

    Investment Director +45 33 63 75 91 +254 712 980 553 nng@ifu.dk
    Olexiy Parkhomchuk

    Olexiy Parkhomchuk

    Investment Director, Rep. Ukraine +45 33 63 75 97 +380 67 632 82 21 opa@ifu.dk
    Oliver Stanek Villsen

    Oliver Stanek Villsen

    Investment Manager +45 33 44 12 46 +45 41 38 12 46 osv@ifu.dk
    Olivia Dedopoulos

    Olivia Dedopoulos

    Student +45 33 44 12 22 ode@ifu.dk
    Otto Vinther Christensen

    Otto Vinther Christensen

    Vice President, Agribusiness +45 33 63 75 04 +45 20 80 39 10 ovc@ifu.dk
    Peter Hardgrove

    Peter Hardgrove

    Senior Financial Analyst +45 33 44 12 23 pha@ifu.dk
    Pia Sørensen

    Pia Sørensen

    Accountant, Creditors and Administration +45 33 63 75 41 ifu@ifu.dk
    Rachna Sharma

    Rachna Sharma

    Financial Analyst +45 33 44 12 19 +45 20 27 23 66 ras@ifu.dk
    Rahul Dubey

    Rahul Dubey

    Investment Director +91 11 2321 7160 rdu@ifu.dk
    Reik Haahr Müller

    Reik Haahr Müller

    Vice President, Climate Investments +45 33 44 12 17 +45 41 38 12 17 rhm@ifu.dk
    Rena Chen

    Rena Chen

    Investment Director +45 33 63 75 12 +45 22 68 75 12 rch@ifu.dk
    Rikke Carlsen

    Rikke Carlsen

    Sustainability Director +45 33 44 12 15 +45 41 38 12 15 rca@ifu.dk
    Rina Stender Sapru

    Rina Stender Sapru

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 44 12 40 +45 41 38 12 40 rss@ifu.dk
    Rodrigo Labarca

    Rodrigo Labarca

    Coordinator +45 33 63 75 74 rla@ifu.dk
    Rohit Goyal

    Rohit Goyal

    Senior Investment Manager +45 33 63 75 68 +91 9619 820 357 rgo@ifu.dk
    Rune Nørgaard

    Rune Nørgaard

    Communication Director +45 33 63 75 60 +45 22 68 75 60 rno@ifu.dk
    Samuel Githinji Wathondu

    Samuel Githinji Wathondu

    Investment Director +45 33 63 75 08 +254 722 593 799 sgi@ifu.dk
    Sanjay Chatterji

    Sanjay Chatterji

    Senior Regional Manager IT +91 11 2321 7160 sci@ifu.dk
    Shahid Abdullah

    Shahid Abdullah

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 44 12 20 +45 42 22 48 76 sha@ifu.dk
    Søren Hasholt

    Søren Hasholt

    Senior Investment Manager +45 33 63 75 17 +45 22 68 75 17 shl@ifu.dk
    Søren Heilmann

    Søren Heilmann

    Senior Applications Manager +45 33 63 75 37 +45 22 68 75 37 sh@ifu.dk
    Steffen Schiottz-Christensen

    Steffen Schiottz-Christensen

    Vice President, North Asia +45 33 63 75 77 +86 188 2010 0240 ssc@ifu.dk
    Sunita Bisht

    Sunita Bisht

    Office Administrator +91 11 2321 7160 sbi@ifu.dk
    Susanne M. Nielsen

    Susanne M. Nielsen

    Vice President, Human Resources +45 33 63 75 70 +45 22 68 75 70 sun@ifu.dk
    Tania Larsen

    Tania Larsen

    Information Assistant +45 33 63 75 39 tla@ifu.dk
    Thomas Hougaard

    Thomas Hougaard

    Vice President, Sub-Saharan Africa +45 33 63 75 46 +45 29 77 17 97 tho@ifu.dk
    Tina Kollerup Hansen

    Tina Kollerup Hansen

    Investment Director, Danida Sustainable Infrastructure Finance +45 33 44 12 35 +45 41 38 12 35 tkh@ifu.dk
    Tine Faghtmann

    Tine Faghtmann

    Accountant, Project Investments +45 33 44 12 30 ifu@ifu.dk
    Tobias Brostrup

    Tobias Brostrup

    Student +45 33 44 12 18 tbr@ifu.dk
    Torben Huss

    Torben Huss

    CEO +45 33 63 75 40 +45 22 68 75 40 thu@ifu.dk
    Vikas Yadav

    Vikas Yadav

    Regional Manager IT +91 11 2321 7160 vya@ifu.dk
    William Engel Møller

    William Engel Møller

    Student +45 33 63 75 84 wem@ifu.dk
    Yihang Zhu

    Yihang Zhu

    Investment Associate +45 33 63 75 93 yhz@ifu.dk
    Show moreShow less

    Publications

    • All publications
    • Annual reports
    • Brochures
    • Reports
    • Handbooks
    The Gender Equality Scorecard – becoming an employer of choice

    The Gender Equality Scorecard – becoming an employer of choice

    06.11.2020 pdf
    Gender equality and health – decisions and practices in the workplace

    Gender equality and health – decisions and practices in the workplace

    20.10.2020 pdf
    Sustainability and Impact Report 2019

    Sustainability and Impact Report 2019

    26.06.2020 pdf
    IFU Annual Report 2019

    IFU Annual Report 2019

    20.05.2020 pdf
    IØ annual report 2019

    IØ annual report 2019

    15.04.2020 pdf
    Good anti-corruption practices

    Good anti-corruption practices

    03.03.2020 pdf
    Project portfolio 2018

    Project portfolio 2018

    25.02.2020 pdf
    Fact sheet

    Fact sheet

    09.10.2019 pdf
    Sustainable investments – a handbook for our project companies

    Sustainable investments – a handbook for our project companies

    20.09.2019 pdf
    Communication on Engagement 2018

    Communication on Engagement 2018

    23.05.2019 pdf
    IØ Annual Report 2018

    IØ Annual Report 2018

    03.05.2019 pdf
    IFU Operating Report 2018

    IFU Operating Report 2018

    25.04.2019 pdf
    IFU Annual Report 2018

    IFU Annual Report 2018

    25.04.2019 pdf
    IFU’s best practice on setting up business in developing countries

    IFU’s best practice on setting up business in developing countries

    03.12.2018 pdf
    IFU Project Portfolio 2017

    IFU Project Portfolio 2017

    26.09.2018 pdf
    IØ annual report 2017

    IØ annual report 2017

    20.08.2018 pdf
    LIF Annual Report 2017

    LIF Annual Report 2017

    20.08.2018 pdf
    UFA Annual Report 2017

    UFA Annual Report 2017

    20.08.2018 pdf
    KIF Annual Report 2017

    KIF Annual Report 2017

    20.08.2018 pdf
    AIF Annual Report 2017

    AIF Annual Report 2017

    20.08.2018 pdf
    IFU Operating Report 2017

    IFU Operating Report 2017

    04.05.2018 pdf
    IFU Annual Report 2017

    IFU Annual Report 2017

    02.05.2018 pdf
    Communication en Engagement 2017

    Communication en Engagement 2017

    26.04.2018 pdf
    IFU in Latin America

    IFU in Latin America

    22.01.2018 pdf
    Communication on Engagement 2016

    Communication on Engagement 2016

    13.10.2017 pdf
    IFU’s best practice on business plans

    IFU’s best practice on business plans

    05.10.2017 pdf
    IFU project portfolio 2016

    IFU project portfolio 2016

    17.07.2017 pdf
    IFU Operating Report 2016

    IFU Operating Report 2016

    12.06.2017 pdf
    IFU Annual Report 2016

    IFU Annual Report 2016

    12.06.2017 pdf
    IØ Annual Report 2016

    IØ Annual Report 2016

    12.06.2017 jpg
    AIF Annual Report 2016

    AIF Annual Report 2016

    12.06.2017 pdf
    KIF Annual Report 2016

    KIF Annual Report 2016

    12.06.2017 jpg
    LIF Annual Report 2016

    LIF Annual Report 2016

    12.06.2017 jpg
    UFA Annual Report 2016

    UFA Annual Report 2016

    12.06.2017 jpg
    Why & how companies decide to invest in the health of their employees and gender equality

    Why & how companies decide to invest in the health of their employees and gender equality

    18.05.2017 pdf
    How to integrate employee health & gender equality in your business operations

    How to integrate employee health & gender equality in your business operations

    18.05.2017 pdf
    IFU fact sheet (Chinese)

    IFU fact sheet (Chinese)

    17.05.2017 pdf
    IFU’s handbook on board work and corporate governance

    IFU’s handbook on board work and corporate governance

    26.01.2017 pdf
    Communication on Engagement 2015

    Communication on Engagement 2015

    20.05.2016 pdf
    Operating Report 2015

    Operating Report 2015

    19.05.2016 pdf
    IFU Annual Report 2015

    IFU Annual Report 2015

    13.05.2016 pdf
    AIF Annual Report 2015

    AIF Annual Report 2015

    13.05.2016 pdf
    KIF Annual Report 2015

    KIF Annual Report 2015

    13.05.2016 pdf
    IFU Project portfolio 2015

    IFU Project portfolio 2015

    13.05.2016 zmag
    IØ Annual Report 2015

    IØ Annual Report 2015

    13.05.2016 pdf
    Grants from the neighbourhood energy facility (NEF) – managed by IFU

    Grants from the neighbourhood energy facility (NEF) – managed by IFU

    18.06.2015 pdf
    KIF Annual Report 2014

    KIF Annual Report 2014

    19.05.2015 pdf
    AIF Annual Report 2014

    AIF Annual Report 2014

    19.05.2015 pdf
    Communication on Engagement 2014

    Communication on Engagement 2014

    13.05.2015 pdf
    IFU project portfolio 2014

    IFU project portfolio 2014

    11.05.2015 pdf
    IFU Annual Report 2014

    IFU Annual Report 2014

    06.05.2015 pdf
    IØ Annual Report 2014

    IØ Annual Report 2014

    01.05.2015 pdf
    IFU – agribusiness investments in China

    IFU – agribusiness investments in China

    21.10.2014 pdf
    KIF – climate investments in China

    KIF – climate investments in China

    21.10.2014 pdf
    Communication on Progress 2013

    Communication on Progress 2013

    28.04.2014 pdf
    IFU project portfolio 2013

    IFU project portfolio 2013

    25.04.2014 pdf
    KIF Annual Report 2013

    KIF Annual Report 2013

    22.04.2014 pdf
    AIF Annual Report 2013

    AIF Annual Report 2013

    22.04.2014 pdf
    IØ Annual Report 2013

    IØ Annual Report 2013

    22.04.2014 pdf
    IFU Annual Report 2013

    IFU Annual Report 2013

    11.04.2014 pdf
    Financial handbook

    Financial handbook

    21.01.2014 pdf
    Communication on Progress 2012

    Communication on Progress 2012

    14.05.2013 pdf
    IFU Annual Report 2012

    IFU Annual Report 2012

    07.05.2013 pdf
    IØ Annual Report 2012

    IØ Annual Report 2012

    01.05.2013 pdf
    AIF – investments in North Africa and the Middle East

    AIF – investments in North Africa and the Middle East

    15.05.2012 pdf
    IØ Annual Report 2011

    IØ Annual Report 2011

    01.05.2012 pdf
    Communication on Progress 2011

    Communication on Progress 2011

    24.04.2012 pdf
    IFU Annual Report 2011

    IFU Annual Report 2011

    24.04.2012 pdf
    IFU Annual Report 2010

    IFU Annual Report 2010

    16.05.2011 pdf
    Communication on Progress 2010

    Communication on Progress 2010

    11.05.2011 pdf
    IØ Annual Report 2010

    IØ Annual Report 2010

    01.05.2011 pdf
    IFU Annual Report 2009

    IFU Annual Report 2009

    03.05.2010 pdf
    IØ Annual Report 2009

    IØ Annual Report 2009

    01.05.2010 pdf
    IØ Annual Summary 2008

    IØ Annual Summary 2008

    01.05.2009 pdf
    IØ Annual Report 2008

    IØ Annual Report 2008

    01.05.2009 pdf
    IFU Annual Summary 2008

    IFU Annual Summary 2008

    30.04.2009 pdf
    IFU Annual Report 2008

    IFU Annual Report 2008

    30.04.2009 pdf
    Local currency funding

    Local currency funding

    11.02.2009 pdf
    IØ Annual Report 2007

    IØ Annual Report 2007

    01.05.2008 pdf
    IFU Annual Report 2007

    IFU Annual Report 2007

    17.04.2008 pdf
    Beretning om Udenrigsministeriets investeringsfonde, IFU og IØ

    Beretning om Udenrigsministeriets investeringsfonde, IFU og IØ

    23.05.2007 pdf
    IFU Annual Report 2006

    IFU Annual Report 2006

    01.05.2007 pdf
    IØ Annual Report 2006

    IØ Annual Report 2006

    01.05.2007 pdf
    Carl Bro vurdering af overholdelse af miljøregler relateret til gyllehåndteringen

    Carl Bro vurdering af overholdelse af miljøregler relateret til gyllehåndteringen

    27.06.2006 pdf
    Rapport vedr. regulering og kontrol af dyrevelfærd

    Rapport vedr. regulering og kontrol af dyrevelfærd

    01.06.2006 pdf
    IFU Annual Report 2005

    IFU Annual Report 2005

    01.05.2006 pdf
    IØ Annual Report 2005

    IØ Annual Report 2005

    01.05.2006 pdf
    Rapport vedr. regulering og kontrol af veterinær medicin

    Rapport vedr. regulering og kontrol af veterinær medicin

    01.03.2006 pdf
    Denmark in China: IFU and Danish enterprises in China 1984-2005

    Denmark in China: IFU and Danish enterprises in China 1984-2005

    05.09.2005 pdf
    Carl Bro vurdering af overholdelse af miljøregler

    Carl Bro vurdering af overholdelse af miljøregler

    26.05.2005 pdf
    Carl Bro vurdering af Poldanors overholdelse af miljøregler

    Carl Bro vurdering af Poldanors overholdelse af miljøregler

    06.05.2005 pdf
    IFU Annual Report 2004

    IFU Annual Report 2004

    01.05.2005 pdf
    IØ Annual Report 2004

    IØ Annual Report 2004

    01.05.2005 pdf
    Evaluation

    Evaluation

    01.06.2004 pdf
    IFU Annual Report 2003

    IFU Annual Report 2003

    01.05.2004 pdf
    IØ Annual Report 2003

    IØ Annual Report 2003

    01.05.2004 pdf
    IFU Annual Report 2002

    IFU Annual Report 2002

    01.05.2003 pdf
    IØ Annual Report 2002

    IØ Annual Report 2002

    01.05.2003 pdf
    IFU Annual Report 2001

    IFU Annual Report 2001

    01.05.2002 pdf
    IØ Annual Report 2001

    IØ Annual Report 2001

    01.05.2002 pdf
    IFU Annual Report 2000

    IFU Annual Report 2000

    01.05.2001 pdf
    IØ Annual Report 2000

    IØ Annual Report 2000

    01.05.2001 pdf
    IØ 10-year report

    IØ 10-year report

    01.03.2001 pdf
    IFU Annual Report 1999

    IFU Annual Report 1999

    01.05.2000 pdf
    IØ Annual Report 1999

    IØ Annual Report 1999

    01.05.2000 pdf
    IFU 30-years report

    IFU 30-years report

    04.05.1999 pdf
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    Career

    Are you interested in a career in an international investment fund that invests in developing countries and emerging markets?

    IFU is a knowledge-based international organisation with employees spanning over 15 different nationalities. We are 89 full-time employees and about 1/5 of the organisation is working in our regional offices around the world. We are roughly an equal number of women and men.

    One of our core competencies is the ability to combine knowledge and skills across functions, people, borders and cultures. This means that we have an international perspective and that we continuously develop the organisation to continue to provide a high level of professionalism.

    Available positions are posted on this page, and you are welcome to apply uninvited as well. Please forward uninvited applications and CVs to job@ifu.dk.

     

    Contact

    Where to find us

    IFU – Investment Fund for Developing Countries
    Fredericiagade 27
    DK-1310 Copenhagen K
    Tel +45 33 63 75 00
    ifu@ifu.dk

    Opening hours:
    Monday – Thursday: 08:30-16:00
    Friday: 08:30-15:30

    Transport:

    Nearest metro station: Marmorkirken (2 minutes walk from Fredericiagade).

    Nearest train station: Østerport (approx. 15 minutes walk from Fredericiagade).

    IFU’s guests who travel by car or bicycle are welcome to park in the yard (entrance at no. 29).

    Plan your journey (rejseplan)