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Dutch Good Growth Fund

The Dutch Good Growth Fund was established by the Dutch Ministry of Foreign Affairs. Triple Jump and PwC have managed the vehicle since 2014 on the ministry's...

Dutch Good Growth Fund logo

Dutch Good Growth Fund

The Dutch Good Growth Fund was established by the Dutch Ministry of Foreign Affairs. Triple Jump and PwC have managed the vehicle since 2014 on the ministry's behalf. Invest International runs the direct Track 1 sleeve from 2021 onward. The fund commits to venture capital, private equity, and mezzanine positions. It maintains exposure to seed, early-stage, and growth opportunities. Confirmed holdings include Ankur Capital in India via Track 2, Dolma Impact Fund in Nepal, and direct ownership in Almacena in East Africa. Geographic reach covers Sub-Saharan Africa, South Asia, the Middle East, and Southeast Asia. Commitments occur through limited-partner positions in external funds and outright ownership of operating businesses. The vehicle reports 348 million USD in assets. It maintains no additional offices beyond The Hague headquarters. Memberships include the Global Impact Investing Network and the European Venture Philanthropy Association. March 2024: Spoke at Impact Summit Europe on impact investing, fund-of-funds strategies, and emerging market SME finance. Public ownership by the Ministry of Foreign Affairs creates a distinct mandate that blends development goals with commercial returns. Track 3 export-credit insurance is administered separately by Atradius Dutch State Business, separating risk coverage from equity and debt deployment.

General information

Firm type

Government / Public Body

Year founded

2014

Location

Region

Europe

Country

Netherlands

City

The Hague

Corporate office

Bezuidenhoutseweg 12, 2594 AV, The Hague, Netherlands

Sector focus

Venture CapitalAgribusinessFinancial Services

Frequently asked questions

Who manages day-to-day investments at Dutch Good Growth Fund?

Triple Jump serves as primary investment advisor with Steven Evers listed as contact. PwC provides additional management support. Invest International handles the direct Track 1 sleeve.

Does Dutch Good Growth Fund commit to external funds or make direct investments?

Both structures are used. Track 2 deploys capital as limited partner in vehicles such as Ankur Capital and Dolma Impact Fund. Track 1 includes direct ownership in operating companies including Almacena and TTC Mobile.

Which regions receive the largest share of capital?

Sub-Saharan Africa, South Asia, and the Middle East account for the majority of positions. Holdings appear in India, Nepal, Kenya, Ghana, Palestine, and Egypt.

What is the relationship between Dutch Good Growth Fund and the Dutch government?

The Ministry of Foreign Affairs founded and owns the fund. The Ministry of Finance holds a 51 percent stake in Invest International, which manages Track 1.

Does Dutch Good Growth Fund participate in co-investments with other development finance institutions?

FMO frequently co-invests alongside the fund. Additional partnerships exist with the African Business Angel Network and the Collaborative for Frontier Finance.

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