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List of investments in portfolio
as of 31 December 2017

(Data will be updated and missing pieces included as soon as possible.)
InvestmentOperationFinnish company*Finnfund’s financing**Agreement year
ASIA  
Cambodia-Laos Development FundPrivate equity fund2009
Mekong Brahmaputra Clean Development Fund L.P.Private equity fund2010
Tropical Asia Forest FundPrivate equity fund2012
BOPA Pte LtdFund/MicrofinanceUSD 3,000,0002017
BANGLADESH
Everest Power Generation Co. Ltd.Power plantWärtsilä Oyj2013
Fun Factory Ltd.TextilesLogonet Oy, Desperado OyUSD 1,200,0002017
CAMBODIA   
First Finance Plc.Financial institution 2013
Prasac Microfinance Institution LtdMicrofinance USD 15,000,0002016
Sathapana LimitedMicrofinance 2014
CHINA  
Avain China Holding OyInformation technologyAvain Technologies Oy2013
China Finland Maanshan Steel Co.Ltd.Metal productsMetalliset Oy2012
GreenStream Energy Efficiency Investments Ltd.Energy efficiencySeveral Finnish technology providers2014
LVDU Lapland Food Co., Ltd.Dairy productsLapland Food Oy2012
Norrhydro Hydraulic System (Changzhou) Co. Ltd.Manufacturing of hydraulic sylindersNorrhydro Group Oy2011
Peikko Construction Accessories (Zhangjiagang) Co., LtdMetal productsPeikko Group Oy2014
XTC Company OyElectrical equipmentMekitec Oy2010
   
INDIA  
Ashley Alteams India Pvt. Ltd.Aluminium componentsAlteams Group2009
Gemco Kati Exploration Pvt. Ltd.Mining support service activitiesOy Kati Ab Kalajoki2016
Ojala (India) Engineering Pvt. Ltd.Metal productsOjala-Yhtymä Oy2009
Stera Engineering (India) Pvt. Ltd.Contract manufacturer of electromechanicsStera Technologies Oy2011
VME Precast Pvt. Ltd.Concrete elementsValkeakosken Betoni Oy2009
INDONESIA
SaraRasa BiomassBiofuelsDovre Group2012
Frontier Tower Associates Pte LtdTelecommunication infrastructureUSD 10,000,0002017
LAOS   
Burapha Agro-Forestry Co., LtdForestry and wood products 2016
Nam Sim Power Company LimitedHydro power 2011
MONGOLIA
Munkh-Evseg LLCHotel2010
XacBankBank2016
NEPAL
Dolma Impact Fund IPrivate equity fund2014
PHILIPPINES  
mBank PhilippinesMicrofinance 2011
   
SRI LANKA
Commercial Leasing and Finance PLC (CLC)Microfinance USD 11,000,0002015
 
THAILAND  
A.T. Biopower Co., Ltd.Biopower plantPrivate Energy Market Fund Ky, Pöyry Oyj2003
Thai Biogas Energy Company Ltd.BiogasPrivate Energy Market Fund Ky2009
VIETNAM  
Australis Aquaculture Vietnam LimitedAquacultureUSD 9,500,0002017
AFRICA  
AfriCap Microfinance Investment Ltd.Microfinance2007
AfricInvest Fund Ltd. IPrivate equity fund2004
AfricInvest Fund Ltd. I BPrivate equity fund2007
AfricInvest Fund Ltd IIPrivate equity fund2008
AfricInvest Fund Ltd. IIIPrivate equity fund2014
Afrinord Hotel Investments A/SHotels2005
Atlantic Coast Regional FundPrivate equity fund2008
Aureos Africa Fund LLCPrivate equity fund2009
Catalyst FundPrivate equity fund2011
Creditinfo East AfricaCredit informationEUR 2,400,0002015
European Financing PartnersDevelopment financing2004
European Financing Partners IIIDevelopment financing2009
European Financing Partners IVDevelopment financing2010
Evolution II (Mauritius)Private equity fundUSD 15,000,0002017
Fanisi Venture Capital FundPrivate equity fund2010
Fidelity Equity Fund II LimitedPrivate equity fund2008
GEF Africa Sustainable Forestry Fund, L.P.Forestry Fund2011
Green Resources ASForestry and wood products2012
GroFin East Africa Fund LLCPrivate equity fund2007
Miro Forestry CompanyForestry and wood products2014
MobisolSolar energy systems2016
MobisolSolar energy systemsEUR 10,000,0002017
Norsad Finance LimitedDevelopment financing2011
SFC Finance LimitedBank2014
Silverlands FundPrivate equity fund2011
ETHIOPIA   
EthioChicken (Agflow Poultry)Poultry productionUSD 10,000,0002016
M-Birr EtiopiaInformation technology2011
M-Birr Etiopia IIInformation technology2014
M-Birr Etiopia IIIInformation technology2015
M-Birr Etiopia IVInformation technology2016
M-Birr Etiopia VInformation technologyEUR 1,000,0002017
Schulze Global Ethiopia Growth and Transformation Fund IPrivate equity fund 2014
SINI Furniture Interior Design PLCFurnitureHenrik PuustinenEUR 1,000,0002015
  
GHANA  
Ghana Airport Cargo CentreLogisticsUSD 11,000,0002014
KENYA
Elgon Road Developments LimitedHotel2009
FuzuInformation technologyFuzu OyEUR 599,999.762016
Lake Turkana Wind PowerWind powerPeikko Group Oy2013
Sanergy Inc.Waste management and recyclingUSD 1,249,9992017
NIGERIA
African Foundries LimitedSteelWärtsilä Oyj2009
RUANDA
Hakan-Quantum Biomass Fired Power PlantBiomass fired power plantFortum Power and Heat Oy, Andriz GroupUSD 15,000,0002016
New Forests Company (Rwanda) LimitedForestry and wood products2016
SIERRA LEONE
Goldtree Sierra Leone LimitedFood production2011
   
SOUTH AFRICA
Evolution One LPPrivate equity fund2008
Horizon Fund III TrustPrivate equity fund2007
TANZANIA  
Kilombero Valley Teak Company Ltd. IForestry and wood products2000
Kilombero Valley Teak Company Ltd. IForestry and wood products2011
Kilombero Valley Teak Company Ltd. IIForestry and wood products2005
Kilombero Valley Teak Company Ltd. IIIForestry and wood products2009
Kilombero Valley Teak Company Ltd. IVForestry and wood products2010
Kilombero Valley Teak Company Ltd. VForestry and wood products2011
Kilombero Valley Teak Company Ltd. VIForestry and wood products2012
Kilombero Valley Teak Company Ltd. VIIIForestry and wood products2015
Kilombero Valley Teak Company Ltd. IXForestry and wood productsUSD 468,6002016
New Forest Company (Tanzania) LimitedForestry and wood products2014
Precision Air Services Ltd.Airline company2008
Sound and Fair Tanzania LimitedForestry and wood products2016
Tanira Ltd.Hand pumpsLojer Oy1991
TOGO
Ecobank Transnational IncorporatedBank USD 8,000,0002017
UGANDA  
New Forests Company (Uganda) LimitedForestry and wood products USD 10,000,0002015
UpEnergy Ltd.Energy efficiencyClimate Wedge Oy2013
THE MEDITERRANEAN  
TURKEY  
Noksel A.S.Steel pipesNokia Oyj1992
THE MIDDLE EAST
Catalyst MENA Clean Energy FundPrivate equity fund 2016
 
JORDAN
Arabia One For Clean Energy Investments PSCSolar power2014
Falcon Ma’an for Solar Energy LLCSolar power2014
FRV Solar JordanSolar powerABB Suomi2016
Jordan Solar One (Cayman) / Jordan PSCSolar powerABB Suomi2014
LATIN AMERICA AND THE CARIBBEAN
CENTRAL AMERICA
CASEIF II Corporation Ltd.Private equity fund2007
Central American Mezzanine Infra Fund I and II (CAMIF)Private equity fund2014
Central American Renewable Energy and Cleaner Production Facility (CAREC)Private equity fund2006
ARGENTINA
MethaxPower plantWärtsilä OyjUSD 20,000,0002017
COLOMBIA
Forest First Colombia S.A.S (”FFC”)Forestry and wood productsUSD 10,000,0002017
El SALVADOR
Bosforo, Ltda. de C.V.Solar powerUSD 15,000,0002017
HONDURAS
Los LaurelesSmall hydropower2011
Mezapa Hydroelectric ProjectSmall hydropower2010
Valle Solar Power ProjectSolar powerABB Finland2015
    
LATIN AMERICA  
CIFI – Corporación Interamericana para el Financiamiento de Infraestructura, S.AFinancial institution2004
SEAF Latam Growth FundPrivate equity fund2008
The Forest Company Ltd.Forestry and wood products2010
MEXICO
Pro Eucalipto Holding S.A.P.I de C.V.Forestry and wood productsDieffenbacher Panelboard Oy2014
NICARAGUA
Banco Lafice-Bancentro S.A.Bank2008
PARAGUAY
San Francisco S.A.Warehousing and transportation supportUSD 12,000,0002017
CENTRAL AND EASTERN EUROPE
SEAF Central and East European Growth Fund LLCPrivate equity fund2000
SEAF South Balkan Fund B.V.Private equity fund2009
RUSSIA  
MP Russia OyFood productsMyllyn Paras Oy Konserni2012
OOO SkaalaWindows and doorsSkaala Oy2014
Oy Nordic Russian Management Co – NORUMFund management1995
Rani Plast Kaluga LLCPlastic productsAb Rani Plast Oy2011
UKRAINE
Aqueduct Ltd.Metal productsMacring Oy2010
INTERNATIONAL  
Althelia Climate Fund SICAV-SIFEnvironment fund2013
Dasos Timberland Fund IForestry fundDasos Capital Oy2010
Global Environment Emerging Markets Fund III, L.P. (GEEMF)Private equity fund2007
Interact Climate Change Fund S.A.Development financing2011
Jumo World LimitedInformation TechnologyUSD 11,996,5002017
MBH B.V.Microfinance2011
Moringa S.C.A. SicarAgroforestry fund2013
ShoreCap International Ltd. IIMicrofinance2009
WWB Capital Partners, LPMicrofinance2012

 

*) Shareholder or significant technology provider
**) Finnfund’s disclosure policy was updated in September 2016. Since then Finnfund has published for example its share of financing of new investments.