Investing for Development SICAV – Impact Asset Management

About IforD

Pioneer in impact investing

IforD was launched in 2009 and is part of the tremendous development the impact investment sector has seen over the last decades. IforD was set-up as one of the first "blended finance" funds effectively combining public and private sources of capital. Our development has been driven by a team of professionals located in Luxembourg and Costa Rica with deep roots in development and finance.

IforD is set-up as an umbrella fund structure able to house smaller impact funds. To date, two funds are part of the umbrella with a third launch expected in 2024.

Each sub-fund is structured in accordance with the risk and impact priorities of the investors and has its own investment strategy. Sub-funds may also be structured according to specific needs. For example, IforD today has both open and closed-ended compartments.

A niche development fund with a proven model

Our Funds

At IforD, we have a flexible structure that enables to embrace innovative financing methods to target underserved areas and prioritise urgent development issues. With 15 years of experience, IforD has effectively deployed debt, equity, hybrid and guarantee capital to address social and environmental concerns while delivering returns to its investors.

LMDF

The Luxembourg Microfinance and Development Fund was created in 2009. It's aim is to contribute to the reduction of poverty around the world through microfinance.

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FCCF

The Forestry and Climate Change Fund was created in 2017. It's aim is to contribute to halt deforestation, mainly in Central America, through partnerships with local people.

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FEF

The Female Entrepreneurship Fund is in the process of being launched soon in 2024. It will focus on supporting female entrepreneurs operating in Central America.

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Focus on

Impact & ESG

Integrated impact assessment into all stages of our investment processes

Assessing progress towards the visions & missions of our funds is crucial to ensure that the impact we envision is delivered upon. We believe that investing isn’t just about financial returns – it’s about shaping a more equitable and sustainable world for all.

IforD wants to lead by example, measuring not only risk and return but also the tangible impact our investments have on people, communities, and the planet. Our impact measurement framework is aligned with our core values and is implemented into all stages of our investment processes.

Our expertise extends to effective implementation of the regulatory frameworks governing sustainable investments in Europe, such as the SFDR and Taxonomy regulations.

The faces behind IforD

Our People

IforD’s team has spent of their careers working in impact investment and development finance and brings extensive experience in frontier markets, with a focus on deal structuring, FX risk management, and impact assessment. Additionally, the Fund’s local presence and wide network of experts in key geographies further enhance its capabilities to reach out and connect with stakeholders and partners.

Kaspar Wansleben

Director Asset Servicing

Chiara Pescatori

Manager Investment Servicing

Alejandro Vazquez

Manager Servicing Risk & Finance

Jennifer Popescu

Manager Distribution

Cynthia Léon Herrera

Advisor

Ronnie de Camino

Senior Adviser

Testimonials

What People Say

At IforD, we are passionate about driving positive change through impactful investments. Our vision is to create a better future by supporting projects that align with our mission. With a strong focus on assessment and monitoring, we ensure that our investments make a meaningful difference. Join us on this journey of investing for development!