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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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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 -
Geography: AsiaAmount: $85MDate: 2013
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Aspada is an $85M fund that invests in SMEs that benefit low-income people and smallholder farmers in India.View websiteSize $85MType FundGeography AsiaDate 2013 -
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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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 -
Geography: AfricaAmount: $15MDate: 2025
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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: Latin America and the CaribbeanAmount: $15MDate: 2023
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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 -
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The Media Development Investment Fund advances affordable debt financing to independent media companies that provide news and information and foster debate.View websiteTheme Independent MediaSize $11.9MType FundGeography GlobalDate 2016 -
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Pluralis invests in independent European media companies. It is backed by a consortium of European media outlets, foundations and impact investors committed to a pluralistic media landscape.Theme Independent MediaSize $10.75MGeography EuropeDate 2021 -
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AIF is a pioneering gender-lens fund that invests in women-owned, women-led or women-servicing companies to empower women across the formal and informal sectors and shift voice and economic benefit towards them.View websiteTheme Gender EquitySize $10MType FundGeography AfricaDate 2020 -
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: AfricaAmount: $10MDate: 2019
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Cepheus makes growth capital minority equity investments into Ethiopian manufacturing, agro-processing, and education and healthcare services.View websiteSize $10MType FundGeography AfricaDate 2019 -
Geography: AfricaAmount: $10MDate: 2025
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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: GlobalAmount: $10MDate: 2019
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InsuResilience invests in affordable insurance for smallholder farmers and others in low-income countries whose livelihoods are at risk from extreme weather.View websiteSize $10MType FundGeography GlobalDate 2019 -
Geography: Middle East and North AfricaAmount: $8.5MDate: 2018
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Nomou was established in 2014 to support economic opportunities in Jordan for Syrian refugees, migrants, and host communities.View websiteSize $8.5MType FundGeography Middle East and North AfricaDate 2018 -
Geography: Latin America and the CaribbeanAmount: $8MDate: 2026
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SP Ventures’ AgVentures III is a Brazilian agriculture and climate-tech fund that makes investments to reduce deforestation, lower net greenhouse gas emissions, and improve livelihoods.View websiteSize $8MType FundGeography Latin America and the CaribbeanDate 2026
