IFU launches Danish SDG Investment Fund II, securing DKK 2.7 billion in first closing

Case News
The Danish Investment Fund for Developing Countries (IFU) has launched the Danish SDG Investment Fund II, aiming to advance sustainable and green investments in developing countries. With a first closing of DKK 2.7 billion and a target of DKK 5 billion by 2025, IFU has secured strong backing from PenSam, P+, PKA, PFA in addition to IFU's own capital commitment.

On 20 November 2024, IFU launched the Danish SDG Investment Fund II, building on the success of SDG Fund I, which was launched six years ago and is now fully invested.

The new fund has attracted DKK 2.7 billion in commitments from PenSam, P+, PKA, PFA and IFU itself. Over the coming years, it will invest in private companies across Asia, Africa and Latin America aiming to drive the green transition, promote economic and social development, and support the realization of the UN Sustainable Development Goals, while delivering strong returns for investors. 

Plesner acted as legal counsel for IFU in all aspects of the fund formation.

Plesner's core Private Funds team consisted of Jonatan Strenov, Christoffer Borreby-Riber, Benedicte Østergaard Hansen and Caroline Mellemgaard Jakobsen.

Read the IFU press release