# Incofin Investment Management

Incofin Investment Management is a Private Equity based in Antwerp, Belgium.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Antwerp, Belgium
- **Region:** Europe
- **Address:** Antwerp, Belgium
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** incofin.com
- **LinkedIn:** https://www.linkedin.com/company/incofin-investment-management

## Regulatory record

- **Reports private funds:** No

## About

Incofin Investment Management is a fund manager based in Antwerp, Belgium, founded in 2001. It invests in microfinance institutions in developing countries, providing financial services such as credits, savings, and insurance to rural populations. Incofin IM has made 75 investments, including a November 2025 investment in Ace International, and has facilitated 9 portfolio exits, including a January 2025 exit of Microfinanciera Fundeser.

## Sectors

- Financial Services
- AgriTech & FoodTech

## Questions

### What is Incofin's core investment mandate?

Incofin concentrates on inclusive finance, investing in microfinance institutions, rural banks, and agricultural value-chain enterprises across emerging markets. The firm uses a mix of equity, quasi-equity, and debt instruments, and runs dedicated vehicles such as agRIF for agriculture and a fund focused on water and sanitation.

### Which geographies does Incofin cover?

Incofin is active in sub-Saharan Africa, South and Southeast Asia, and Latin America. It maintains local offices in Nairobi and Bogotá that source and monitor investments, with the portfolio spanning countries including India, Cambodia, and several Andean and East African nations.

### Who backs Incofin's funds?

Incofin raises capital primarily from European development-finance institutions, alongside select family offices and pension funds. These limited partners are drawn to the firm's blend of commercial returns and rigorous social-impact measurement tied to the UN Sustainable Development Goals.

### Does Incofin invest directly in operating companies or only through intermediaries?

The firm invests both ways. It holds positions in regulated financial intermediaries — microfinance banks and cooperatives — and also takes direct equity in early-stage enterprises that strengthen agricultural supply chains, such as farmer-allied processors and logistics platforms.

## Related profiles

- [Inclusive Ventures](https://altss.com/profile/inclusive-ventures)
- [In Colour Capital](https://altss.com/profile/in-colour-capital)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/incofin-investment-management

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology