Investments

We invest in businesses and environments where our funds contribute to creating inclusive growth, tax income, job opportunities and faith in the future.

Our portfolio

We always aim to establish a good balance between risktaking, geographical spread and variation in investment instruments, such as equity, funds and loans.

We invest directly in companies and indirect through financial institutions and funds, to increase the proportion of small and medium-sized enterprises and to promote entrepreneurship.

The portfolio's total contracted amount at the close of 2021 was > 8,4 billion SEK, divided between 64 investments. 

Portfolio per region 2022
Africa 65%
Asia 30%
Eastern Europe 5%
Latin America 0%
Other* 0%

Portfolio per sector 2022
Financial inclusion 59%
Energy & Climate 33
%
Health 6%
Other 2%

Portfolio per instrument 2022
Funds (equity) 51%
Funds (debt) 8%
Loans 31%
Equity 10%

* In 2022, the ‘Other’ category, which historically included investments with a broad geographical mandate, was distributed to underlying countries based on actual distribution and qualified pipeline.

Our portfolio companies

Examples of investments and financial support

Since 1979 we have invested in more than 230 companies in the poorest countries in the world. Here are some recent examples. 

Our Arena

Swedfund's investments have a wide geographical spread. Our focus in on the world's least developed countries, which primarily means sub-Saharan Africa. We also invest in low- and middle-income countries and post-conflict countries - and in exceptional cases in upper-middle-income countries.

This map shows Swedfund's investments at the end of 2022. (click for a larger version)

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