EMOF is a $12.9 million private equity fund investing in early- to mid-stage growth independent media companies in Asia, Africa, and Latin America. The fund is managed by Media Development Investment Fund (MDIF).

Independent media face a range of challenges including fractured audiences, new laws intended to undermine press freedom and limit journalists' reporting, and tech platform algorithms that elevate misinformation and clickbait over facts and quality. These trends have exacerbated the difficulties of an industry still navigating digital transformation.

EMOF investees will provide audiences with the essential news, information, and debate that people need to build free, thriving societies.

• Investee businesses are more sustainable (e.g. increased audience reach; increased advertising sales) 
• Investees have a positive impact on their societies (e.g. increased reporting on corruption scandals; and reporting on government promises) 

SEDF seeks to defend and strengthen independent media institutions globally that provide civic news and information, as well as enrich public debate.