Sphere Holdings (Pty) Ltd.

About The Fund

Sphere Holdings (Pty) Ltd., known as IFU (Investeringsfonden for Udviklingslande), is a government organization based in Copenhagen, Denmark, that specializes in providing investment and advisory services geared toward sustainable development in developing countries. Their investment thesis revolves around supporting the United Nations' 17 Sustainable Development Goals (SDGs), contributing to the creation of sustainable societies through strategic investments. With expertise in debt and equity, IFU targets various sectors such as renewable energy, healthcare, and agriculture, helping to construct a foundation for stable economic growth and social improvement in partnership with businesses and investors. IFU serves as a fund manager for several funds, such as the Danish SDG Investment Fund, which invests on commercial terms to support the SDGs, and the Danida Sustainable Infrastructure Finance that offers financing on favorable terms for sustainable infrastructure projects. With a portfolio including initiatives like expanding access to affordable dialysis treatments in India and agricultural production with the collaboration of smallholders, IFU has a significant impact on job creation, local taxation contribution, and climate change mitigation through investments in renewable energy. Their investments have spanned 142 countries, with 161 active companies in their portfolio, and a total investment of DKK 11 billion. Furthermore, IFU's investments have historically supported nearly 280,000 jobs directly, and are involved in more than 1,950 megawatts of solar and wind energy projects in development countries. They emphasize their capability to create impactful, sustainable solutions and offer their expertise and advisory services to businesses interested in investing within the scope of development and sustainability in emerging markets.