OP Finnfund Global Impact Fund I

OP Finnfund Global Impact Fund I is Finland's first global emerging markets impact fund, established in 2019. The fund focuses on generating significant positive impacts alongside financial returns, targeting areas such as climate change mitigation, food security, gender equality, and improved access to financing. It primarily invests in developing countries, aiming to promote the achievement of the UN Sustainable Development Goals (SDGs). The fund seeks an internal rate of return (IRR) of approximately 8–12 percent and has a total fund size of €135 million.

The fund's investment strategy centers on three main industries: renewable energy, financial institutions, and sustainable agriculture. It employs a fund-of-funds approach, investing in various funds that align with its impact objectives. The fund is managed by OP Asset Management Ltd, a subsidiary of OP Financial Group, one of Finland's largest banking groups. Finnfund, a Finnish development financier and impact investor, acts as an advisor and anchor investor for the fund, sourcing investments through its network.

Since its inception, OP Finnfund Global Impact Fund I has made several notable investments. In 2024, it invested $5 million in AwanTunai, an Indonesian fintech company, to support the digitalization and growth of micro, small, and medium-sized enterprises (MSMEs) in Indonesia. The same year, the fund invested $20 million in TerraPay, a B2B technology company specializing in cross-border mobile payments, to enhance access to affordable remittances in Africa. These investments reflect the fund's commitment to fostering sustainable development and financial inclusion in emerging markets.

In 2022, the fund invested in Africa Mobile Networks (AMN), a telecom provider focused on rural Sub-Saharan Africa, aiming to bridge the digital divide and promote financial inclusion. Additionally, in 2021, the fund invested in Sathapana Bank in Cambodia to accelerate SME growth and empower women. These investments demonstrate the fund's dedication to supporting impactful projects that contribute to economic development and social progress in developing regions.

Overall, OP Finnfund Global Impact Fund I plays a pivotal role in mobilizing private capital to support sustainable development initiatives in emerging markets, aligning financial objectives with positive social and environmental outcomes.