Swedish social impact investment fund concludes final stage, securing SEK400 million in funds

In the realm of financial inclusion, Utfallsfonden, a Swedish social impact fund, has recently reached a final close of SEK400m. The European Investment Fund (EIF) has contributed SEK200m to this fund, bringing its total investments to the same amount. Jenny Carenco, a co-founder of Utfallsfonden, established the fund in 2021.

The digital access impact fund, another initiative in the social impact sector, has also seen significant growth. Finnfund has announced a €80m first close of this fund, which invests into social outcomes contracts and companies in the social and health-related sectors.

One of the fund's investments includes SEK2.1m with Gävle municipality to support 2600 students in improving their reading skills. Another investment of SEK50m has been made with Härnösand municipality for preventive interventions for the elderly.

Moving on to the Impact ecosystem, a supply chain fund has seen investments from Norwegian family-owned investment company Ferd (SEK25m), the EIF (SEK25m), and Japanese Investment Corporation (JICA) ($40m). This fund, posted in the categories of Blended finance, Social impact, Development finance, and Impact ecosystem, can invest up to a maximum of 20% directly into the equity of companies.

In the realm of bonds, Aegon AM has launched a climate transition bond fund, which is also posted in the category of Energy transition and Pension funds.

Lastly, the climate transition bond fund is also posted in the category of Bonds and Energy transition. The fund plans to invest a minimum of 80% of its portfolio into social outcomes contracts.