For over 30 years, Incofin has made the impossible possible – delivering both profit and positive impact through its investment funds. Our experts support the energy and vision of emerging and frontier market entrepreneurs who are shaping a better future. Every decision we make, every resource we allocate, is intentionally directed to generate positive social, environmental, and financial value.
Who we are
Incofin is an independent, employee-owned firm, born in Belgium and powered by diverse teams deeply rooted in the regions where we invest. Since 1992, we’ve grown with integrity – guided by practical thinking, honest relationships, and a spirit of enterprise. Today, we manage a range of impact funds for institutions and individuals, in partnership with trusted asset managers who share our purpose.
Entrepreneurial
We pursue change with energy,
courage, and creativity.
Generous
We give first – our time, ideas, and
support – and build strong partnerships.
Transparent
We lead with honesty, openness, and accountability.
Practical
We are hands-on, grounded, and
results-driven.
Our investors
Investors in Incofin today are leading development funds, banks, insurance companies, pension funds, alternative investment funds, foundations, family offices and retail investors. While many of our investors are based in Europe, together with our partners we achieve global impact.
Investments in three essential areas
We manage funds and select investments in three areas where we believe we can have the greatest impact. We see more than just investment opportunities. We see pathways to empowerment, solutions for resilience, and a future where resources are safeguarded and sustained.
Inclusive
finance
Expanding access to responsible financial services for underserved communities
Sustainable
food
Supporting agriculture and food systems – built to nurture the planet and sustain smallholder farmers
Clean
water
Ensuring access to clean, affordable water for healthy communities
Why Incofin
When you choose Incofin, you partner with a firm that’s made the impossible possible for 30+ years in emerging markets. We’re proud to stand at the frontier of impact investing, turning capital into a force for good. Here are some of the reasons clients say they choose us.
30+ years of trust
Incofin has earned the trust of investors over decades. We’ve consistently delivered both financial returns and social impact.
Proof of progress
As a measure of confidence and trust, we invest in Incofin funds ourselves alongside our clients.
Diversified offering
We invest in 50+ countries. We offer a diverse suite of products, from private equity and debt options to grant funded initiatives.
Practical imagination
Because we’re independent, we can think big and challenge the status quo with imagination. We’re practical investors who stay resolutely focused on delivering impact.
Local approach
With investment teams embedded across continents, we combine a global strategic view with deep local market knowledge.
Pioneering reputation
We’re among the original pioneers of impact investing, setting the bar for achievement and many of the standards observed across the sector today.
Investments that make a world of difference
The investments we make are targeted to empower, support and enable the people left behind by business as usual. A model that too often defines progress by profit and growth alone. We believe actual human progress must also be inclusive, fair, and sustainable.
EMPOWERED
entrepreneurs
Supported
smallholder farmers
enabled
people to access drinking water
*As of December 2024, annual figures
We invest with discipline - guided by clear impact standards and genuine partnerships in emerging markets.
Paul BuysensCEO, Incofin Investment Management
Corporate governance
Incofin Investment Management NV is established as a public limited company in accordance with the Belgian companies code. It is subject to the prudential control of the Belgian Financial Services and Markets Authority (FSMA). In 2014, the FSMA granted Incofin an AIFM license.
