SERVICES - IFU

Risk capital

IFU provides risk capital in the form of equity, loans and guarantees

IFU provides risk capital for companies wishing to do business in developing countries and emerging markets in Asia, Africa, Latin America and parts of Europe.

Our investments are made on a commercial basis, and we offer funding in the form of:

equity
mezzanine financing (equity-like loans)
loans
guarantees

IFU is an active investor. We have a long-term investment horizon and invest directly in the company that is established in the investment country. Consequently, we share the financial risk with our partner.

IFU may participate both in the creation of new businesses, joint ventures and through the acquisition of existing companies.

Big and small investments

Generally, IFU will be a minority investor and take a 10-30 per cent stake of the total investment. In small projects IFU can take up to 49 per cent. Consequently, additional funding of the projects is necessary. This may be through partner funding and for example through regional development banks.

IFU can finance a project with up to DKK 350 million.

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Invest with IFU

With whom can IFU invest?

IFU can invest with all companies that meet our conditions.

All companies can benefit from IFU’s services. However, at least four conditions must be met:

The business operation must be deemed to be commercially viable;
Projects must have a positive development impact in the host country;
The host country must be on the list of developing countries eligible for IFU investments.

Furthermore, IFU does not finance projects within certain product areas. See the list here.

Countries where IFU and IFU managed funds can invest

IFU and IFU managed funds can invest in more than 140 countries in Asia, Africa, Latin America and parts of Europe.

IFU
IFU can invest in all countries on the OECD’s DAC list of development aid recipients.

At least 50 per cent of IFU’s investments, measured over a rolling three year period, must be made in host countries with a GNI per capita income below 80% of the upper limit for LMIC (Lower Middle Income Countries), according to the World Bank’s classification, which is USD 4,465 in 2024.

In 2023, 62 per cent of the investments were below the limit and over a rolling three year period the figure is 68 per cent.

Latest GNI per capita figures can found here (Atlas method).

The Danish SDG Investment fund
Like IFU, the Danish SDG Investment Fund can invest in all countries on OECD’s DAC list.

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IFU's investment teams

Meet IFU's investment teams

IFU’s investment professionals work within the following four sectors:

Green energy & infrastructure
Financial services
Healthcare
Sustainable food systems

IFU local employees also work with a sector focus, and they have extensive knowledge of such aspects as business climate, culture and language in the investments countries within their regions.

Green Energy & Infrastructure

IFU’s sector team for energy, water and waste make investments in developing countries within renewables such as wind and sun. Furthermore, they work within water treatment and sanitation, waste management and waste to energy projects.

For further information on how we can assist your company, please contact one of our investment professionals.

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Thomas Hougaard

Senior Vice President, Head of Green Energy & Infrastructure +45 33 63 75 46 ifu@ifu.dk

Reik Haahr Müller

Senior Vice President, Head of Green Energy & Infrastructure +45 33 44 12 17 ifu@ifu.dk

Natalia Svejgaard

Investment Director +45 33 63 75 31 ifu@ifu.dk

Henrik Henriksen

Investment Director +45 33 63 75 79 ifu@ifu.dk

Rahul Dubey

Investment Director +45 33 63 75 67 ifu@ifu.dk

Jonas Lau Kristensen

Investment Director +45 33 63 75 81 ifu@ifu.dk

Milinda Wasalathanthri

Investment Director +45 33 63 75 44 ifu@ifu.dk

Koushik Rajagopalan

Investment Director +45 33 63 75 43 ifu@ifu.dk

Lauritz Stræde Hansen

Senior Investment Manager +45 33 63 75 88 ifu@ifu.dk

Oliver Stanek Villsen

Senior Investment Manager +45 33 44 12 46 ifu@ifu.dk

Jesper Tønder

Senior Investment Manager +45 33 63 75 52 ifu@ifu.dk

Muktar Mahdi

Investment Manager +45 33 44 12 54 ifu@ifu.dk

Magnus Nilsson

Investment Manager +45 33 44 12 12 ifu@ifu.dk

Alexander Wisse

Investment Manager +45 33 44 12 66 ifu@ifu.dk

Financial Services

The sector team working with financial services makes investments in microfinancing platforms, making loans available to millions of people. Other focus areas are investments into financial institutions lending to small and medium-sized enterprises as well as development and regional banks financing local banks and institutions.

For further information on how we can assist your company, please contact one of our investment professionals.

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Morten Elkjær

Senior Vice President, Head of Financial Services +45 33 44 12 36 ifu@ifu.dk

Rohit Goyal

Vice President, Financial Services +45 33 63 75 68 ifu@ifu.dk

Theo Ib Larsen

Vice President, Impact Partnerships +45 33 44 12 37 ifu@ifu.dk

Barbara Viyera Marcussen

Investment Director +45 33 44 12 33 ifu@ifu.dk

Ina Hoxha

Investment Director +45 33 63 75 98 ifu@ifu.dk

Nana Yaw Kwakye

Investment Director +233 (0) 302 253 473/74 ifu@ifu.dk

Njeri Mungai Ngaruiya

Investment Director +45 33 63 75 91 ifu@ifu.dk

Anne Kathrine Oxenvad

Investment Director +45 33 63 75 42 ifu@ifu.dk

Maria Paulina Mogollon

Head of IFU Impact Ventures +4533441283 ifu@ifu.dk

Nitish Chawla

Investment Director +45 33 63 75 30 ifu@ifu.dk

Frederik Storm

Investment Manager +45 33 63 75 45 ifu@ifu.dk

Vibhor Singhal

Investment Manager +45 33 63 75 23 ifu@ifu.dk

Development Guarantee Facility

The aim of the Development Guarantee Facility is to reduce the risk of investors in developing countries and enable projects , which otherwise could not be implemented, and thereby create access to increased capital mobilisation. Focus is on climate financing and capital for poor and fragile developing countries. The Development Guarantee Facility of DKK two billion, granted by the Danish Government, will be managed by IFU. IFU has a dedicated team working with the Facility.

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Magnus Cedergren

Head of Guarantee Facility +45 33 63 75 02 ifu@ifu.dk

Jonas Armtoft

Investment Director +45 33 63 75 85 ifu@ifu.dk

Christoffer Ipsen

Senior Risk Analyst +45 33 44 12 74 ifu@ifu.dk

Healthcare

The healthcare team focuses on providing healthcare in developing countries through e.g. investments in the construction and operation of hospitals and wholesale for pharma.

For further information on how we can assist you, please contact one of our investment professionals.

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Lisbeth Erlands

Senior Vice President, Head of Healthcare and Eastern Europe +45 33 63 75 27 ifu@ifu.dk

Anders Paludan-Müller

Investment Director +45 33 63 75 22 ifu@ifu.dk

Olexiy Parkhomchuk

Investment Director, Rep. Ukraine +45 33 63 75 97 ifu@ifu.dk

Klaus Prebensen

Investment Director +45 33 63 75 03 ifu@ifu.dk

Samuel Githinji Wathondu

Investment Director +45 33 63 75 08 ifu@ifu.dk

Emil Sierczynski

Investment Director +45 33 44 12 21 ifu@ifu.dk

Peter Hardgrove

Senior Investment Manager +45 33 44 12 23 ifu@ifu.dk

Ida Hammerberg

Investment Manager +45 33 44 12 69 ifu@ifu.dk

Nicoline Emilie Storm

Investment Manager +45 33 44 12 79 ifu@ifu.dk

Andrii Frytsiuk

Investment Manager +45 33 44 12 90 ifu@ifu.dk

Nicolai Dahl

Investment Analyst +45 33 44 12 58 ifu@ifu.dk

Sustainable Food Systems

The sector team investing in sustainable food systems covers the entire food chain from crops cultivation and food processing to food logistics, distribution and wholesale.

For further information on how we can assist you, please contact one of our investment professionals.

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