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For more than a quarter century, SEDF has occupied a unique place in the impact investment world. Free from the requirements of external and commercial investors, SEDF can lean into areas of market and political risk in exchange for impact across regions and themes in support of democracy and open society. 
SEDF also leverages the expertise and reach of the Open Society Foundations’ programmatic grant-making, policy, and advocacy efforts, and multiple grades of investment capital—to bring a full suite of resources to bear on a particular issue. SEDF works closely with external partners across the nonprofit, public, and private sectors to strengthen individual investments and support Open Society’s larger mission and vision.
Deployed as of January 2024:
$400M+
Invested in fragile, frontier, and emerging market countries:
92%
Countries we’ve invested in:
54
Investments
Browse our current holdings, which reflect both current and historic investment themes.
Investments List
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Geography: AfricaAmount: $10MDate: 2025
The Helios Clear Fund is Africa’s first dedicated private equity fund focused on climate mitigation, adaptation, and inclusive economic development.View websiteSize $10MType FundGeography AfricaDate 2025 -
Geography: Latin America and the CaribbeanAmount: $7.5MDate: 2025
EcoEnterprises invests in bioeconomy companies in Latin America that preserve natural capital, mitigate climate change, and drive equitable and inclusive, sustainable development.View websiteSize $7.5MType FundGeography Latin America and the CaribbeanDate 2025 -
Aristata Fund II builds on the initial success of Fund I in mobilizing private capital to support litigation that advances social and environmental impact.View websiteTheme Justice and Human RightsSize $8MType FundGeography GlobalDate 2025 -
Geography: AfricaAmount: $15MDate: 2025
Acumen’s Hardest-to-Reach Initiative is a blended finance vehicle focused on closing the clean energy gap in sub-Saharan Africa and driving inclusive, sustainable development.View websiteSize $15MType FundGeography AfricaDate 2025 -
Geography: AfricaAmount: $10MDate: 2025Alliance for Green Infrastructure in Africa (AGIA) is an Africa-led blended finance platform working to catalyze transformative green infrastructure projects that drive inclusive, sustainable development across the continent.View websiteSize $10MType FundGeography AfricaDate 2025
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Geography: GlobalAmount: $25MDate: 2024Allied Climate Partners (ACP) is a blended finance platform aiming to increase the pipeline of bankable climate projects in the Global South.View websiteSize $25MType FundGeography GlobalDate 2024
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This investment will make it easier and more affordable for communities in the United States to access naloxone and contribute to the prevention of overdose-related deaths.  View websiteTheme Health EquitySize $1MType DirectGeography United StatesDate 2023
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Geography: Latin America and the CaribbeanAmount: $15MDate: 2023
Amazon Biodiversity Fund is a Brazil-based investment fund dedicated to financing sustainable businesses in Brazil’s Amazon region that create jobs and preserve standing forest.Size $15MType FundGeography Latin America and the CaribbeanDate 2023 -
Hewatele supports improved access to medical oxygen for hospitals and clinics in Kenya.View websiteTheme Health EquitySize $4MType DirectGeography AfricaDate 2023 -
REDI supports the development of Roma-owned businesses and enterprises.View websiteTheme Justice and Human RightsSize $4MType FundGeography EuropeDate 2022 -
Aristata is a first-of-its-kind impact litigation fund financing human rights and environmental claims.View websiteTheme Justice and Human RightsSize $6MType FundGeography GlobalDate 2022 -
This innovative SEDF guarantee was designed to facilitate the distribution of more than 100 million COVID vaccines to 92 of the world’s lowest-income countries.View websiteTheme Health EquitySize $100MType GuaranteeGeography GlobalDate 2022 -
Global Access Health is a UK company limited by guarantee (non-profit), engaged in the development of rapid lateral flow diagnostic tests with a focus on neglected and tropical diseases.View websiteTheme Health EquitySize $17MType DirectGeography AfricaDate 2021 -
Illumen strives to remove structural barriers impeding access to investment capital by women and minorities by educating investment decision makers about implicit biases.View websiteTheme Justice and Human RightsSize $5MType FundGeography United StatesDate 2021 -
Geography: GlobalAmount: $3MDate: 2021
Kiva Refugee Investment Fund provides senior unsecured loans to Kiva MFI Partners that work closely with displaced populations, with an initial focus on the Middle East and Latin America.View websiteSize $3MType FundGeography GlobalDate 2021