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Sovereign Wealth Fund
ifu.dk

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Investments

15

Portfolio Exits

1

Funds

4

Partners & Customers

2

About IFU

IFU (Investment Fund for Developing Countries) provides advisory services and risk capital to Danish companies wishing to set up operations in developing countries. IFU invests on a commercial basis by committing equity capital or by providing loans or guarantees to project companies, the purpose being to promote development in host countries.

IFU Headquarter Location

Fredericiagade 27

Copenhagen, DK-1310,

Denmark

+45 33 63 75 00

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IFU Investments

15 Investments

IFU has made 15 investments. Their latest investment was in aBi Finance as part of their Unattributed on June 6, 2022.

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IFU Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/2/2022

Unattributed

aBi Finance

$18M

Yes

1

4/8/2022

Unattributed

Continental Blue Investments

$27.9M

Yes

1

12/21/2021

Unattributed - II

CleanMax Solar

$34M

Yes

1

9/9/2021

Seed

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10

2/3/2021

Series C

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$99M

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10

Date

6/2/2022

4/8/2022

12/21/2021

9/9/2021

2/3/2021

Round

Unattributed

Unattributed

Unattributed - II

Seed

Series C

Company

aBi Finance

Continental Blue Investments

CleanMax Solar

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Amount

$18M

$27.9M

$34M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

IFU Portfolio Exits

1 Portfolio Exit

IFU has 1 portfolio exit. Their latest portfolio exit was Sidian Bank on June 08, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/8/2022

Corporate Majority - II

$99M

3

Date

6/8/2022

Exit

Corporate Majority - II

Companies

Valuation

$99M

Acquirer

Sources

3

IFU Fund History

4 Fund Histories

IFU has 4 funds, including SDG Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/1/2019

SDG Investment Fund

$744.29M

2

1/14/2016

Danish Agribusiness Fund I

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$99M

10

1/13/2014

Danish Climate Investment Fund

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$99M

10

IFU Investment Partners

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10

Closing Date

2/1/2019

1/14/2016

1/13/2014

Fund

SDG Investment Fund

Danish Agribusiness Fund I

Danish Climate Investment Fund

IFU Investment Partners

Fund Type

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Status

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Amount

$744.29M

$99M

$99M

Sources

2

10

10

10

IFU Partners & Customers

2 Partners and customers

IFU has 2 strategic partners and customers. IFU recently partnered with european energy on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/12/2021

Partner

European Energy wins 82 MW at auction in Brazil with Nordic Power Partners — European Energy

Nordic Power Partners is a collaboration between European Energy and the Danish Climate Investment Fund which is managed by the Investment Fund for Developing Countries .

1

4/10/2018

Partner

United States

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10

Date

10/12/2021

4/10/2018

Type

Partner

Partner

Business Partner

Country

United States

News Snippet

European Energy wins 82 MW at auction in Brazil with Nordic Power Partners — European Energy

Nordic Power Partners is a collaboration between European Energy and the Danish Climate Investment Fund which is managed by the Investment Fund for Developing Countries .

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Sources

1

10

IFU Team

3 Team Members

IFU has 3 team members, including current Managing Director, Frank Norman Larsen.

Name

Work History

Title

Status

Frank Norman Larsen

Managing Director

Current

Sven Riskaer

Managing Director

Current

Morten Christiansen

Senior Vice President

Former

Name

Frank Norman Larsen

Sven Riskaer

Morten Christiansen

Work History

Title

Managing Director

Managing Director

Senior Vice President

Status

Current

Current

Former

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