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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: GlobalAmount: $3MDate: 2019
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Accion Venture Lab is a seed-stage fintecher fund focused on promoting financial access and inclusion.View websiteSize $3MType FundGeography GlobalDate 2019 -
Geography: AfricaAmount: $7.5MDate: 2019
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The Acumen Resilient Agriculture Fund is a $58M+ fund that invests in early-growth stage innovative agribusinesses that enhance incomes, reduce volatility, and improve the livelihoods of smallholder farmers.View websiteSize $7.5MType FundGeography AfricaDate 2019 -
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 -
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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: 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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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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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 -
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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 $6.75MType FundGeography GlobalDate 2025 -
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 -
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Cadence is a U.S. pharmaceutical public benefit corporation that seeks to bring to market an over-the-counter women’s contraceptive pill.View websiteTheme Justice and Human RightsSize $5.5MType DirectGeography United StatesDate 2020 -
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: United StatesAmount: $7.5MDate: 2019
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Community Loan Fund is a Community Development Financial Institution providing capital and technical assistance to finance affordable housing, local businesses, and nonprofit and child care facilities in New Hampshire.View websiteSize $7.5MType FundGeography United StatesDate 2019 -
Geography: Latin America and the CaribbeanAmount: $7.5MDate: 2025
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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 -
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Managed by the Media Development Investment Fund, EMOF provides affordable debt financing to established independent news media in frontier and emerging markets.View websiteTheme Independent MediaSize $2MType DirectGeography GlobalDate 2017
