Finnfund’s portfolio totals 857 million euros – more focus on advancing digitalisation and mobilising private capital through EU guarantees

Global tensions, shifting market conditions and growing geopolitical challenges shaped Finnfund’s operating context in 2025. Finnfund’s Annual Report 2025 illustrates how long-term investments in developing markets deliver development impact while maintaining a resilient and sustainable portfolio.

At the end of 2025, Finnfund’s portfolio stood at 857 million euros and comprised 146 investees. During the year, 24 new investment decisions totalling 181 million euros were made, bringing Finnfund’s investments, commitments and investment decisions to over 1.2 billion euros.

“Finnfund operates in markets where conditions are often challenging and this makes our long term mandate especially important. In 2025, we strengthened our ability to deliver impact by mobilising private capital, including through the launch of Finnfund Digital Access Impact Fund I and the EU Finnfund Global Connected Guarantee, which is the EU’s largest guarantee programme for the digital sector to date,” says Jaakko Kangasniemi, CEO and Managing Director, Finnfund.

Impact driven by strategy and a long term perspective

Investments are guided by Finnfund’s three strategic priorities: establishing its role as a technology driven impact investor, ensuring that climate and nature drive investment decisions, and promoting local growth by supporting decent jobs and sustainable livelihoods.

In 2025, Finnfund made strong progress towards doubling investments in digital technology between 2024 and 2027 by approving 10 new digital technology investment decisions, accounting for 42 per cent of all projects during the year.

Climate and nature considerations continue to be central across Finnfund’s activities. Overall, in 2025, 59 per cent of the total investment volume, was directed to investments that support climate and nature goals.

At the same time, Finnfund’s investments continued to promote local growth. According to our latest impact figures, Finnfund’s investees supported 291,000 jobs, with 38 per cent held by women, and paid approximately 1.3 billion euros in taxes in their countries of operation.

“A long term perspective is essential for delivering both development outcomes and sustainable financial performance, particularly in complex operating contexts. This allows us to invest bravely while managing risks prudently, and to continue building the partnerships needed to deliver lasting impact,” notes Kangasniemi.

Learn more about Finnfund’s investments, impact and performance in the Annual Report 2025.