Excelsior Fund II
Introduction
Swedfund invests USD 15 million in Excelsior Capital Vietnam Fund II to boost Vietnamese private sector development and growth, and thereby job creation.
Swedfund's investment strengthens Vietnam’s private sector by supporting mid-size growing businesses with capital and strategic guidance, while creating formal jobs in a largely informal economy—boosting job quality and economic stability. It also promotes women’s economic empowerment through increased ownership, leadership, and workforce participation.
Read more in our press release: Swedfund invests in SME growth in Vietnam
Facts
SDG in focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Value creation
Impact
This investment strengthens Vietnam’s private sector by supporting mid-size growing businesses with capital and strategic guidance, while creating formal jobs in a largely informal economy—boosting job quality and economic stability. It also promotes women’s economic empowerment through increased ownership, leadership, and workforce participation.
Additionality
Swedfund’s investment is financially additional as it provides growth capital to small and medium sized companies that otherwise face limited access to financing. It is value additional by strengthening the Fund Manager’s work on sustainability and impact.
ESG
Requirements
In line with Swedfund’s Policy for Sustainable Development, the portfolio company is required to materially comply with, inter alia: (i) all internationally recognised human rights (ii) the EDFI harmonized exclusion list and EDFI Fossil Fuel Exclusion List, (iii) local environmental, health & safety and labour laws and regulations, (iv) applicable IFC Performance Standards, (v) the ILO’s Declaration on Fundamental Principles and Rights at Work and the ILO’s Basic Terms and Conditions of Employment.
ESG Risk
E&S risk categorisation is Medium Risk (Fund) B based on potential E&S risks, contextual risks and investment mandate.
ESG Mitigation Measures
Swedfund is supporting the Manager in further strengthening its ESMS and enhancing human rights risk processes across the portfolio.
Applicable IFC Performance Standards
At the fund manager level IFC PS 1-3 are applicable and at the project level IFC PS 1-4 are applicable.
Whistleblowing channels and Grievance Mechanism
Swedfund’s whistleblowing services can be used by employees, contractors and others at Swedfund, and by the companies and funds in which Swedfund invests. The complaints mechanism can be used for all types of complaints concerning Swedfund and Swedfund’s portfolio companies, but not for complaints concerning individuals as a result of restrictions arising from data protection legislation. 🔹 Link in website footer.