Antwerp, September 30, 2025 – Incofin Investment Management, together with Aqua for All and Norfund, today announced the launch of a new Technical Assistance Facility (TAF) for the Water Access Acceleration Fund (W2AF).
The facility is designed to help promising water enterprises grow stronger and reach further. It will give them the tools, expertise, and systems they need to grow sustainably, improve service quality, and expand safe drinking water access to underserved communities.
The announcement follows a month of high-level gatherings at World Water Week, the World Economic Forum, and the UN Global Compact, where water security and resilience were in the global spotlight.
A facility to help water enterprises thrive
By 2028, the W2AF TAF will deploy EUR 550,000 to investees or potential investees of the W2AF fund. It targets reaching at least five tailored technical projects, five impact measurement initiatives, and two knowledge-sharing events.
Support will be directed to six key areas:
- Water technology & delivery systems – deploying innovative, sustainable technologies to produce and deliver safe drinking water.
- Corporate systems enhancement – improving governance, financial planning, risk management, and digital transformation.
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Climate action – building resilience and reducing carbon footprints through adaptation and renewables.
- Gender equity – promoting women’s leadership and ensuring gender-responsive design.
- Impact measurement – tracking and reporting meaningful social, environmental, and financial outcomes.
- Knowledge sharing – encouraging peer learning, sector collaboration, and customer awareness campaigns.
Together, these efforts aim not only to improve daily access to safe drinking water but also to build resilient, well-managed enterprises capable of scaling their impact far beyond individual projects.
With the dedicated support of Aqua for All and Norfund, the W2AF TAF will deliver the expertise our investees need to thrive. By combining robust capacity building with Incofin’s invested capital, we aim to unlock non-linear returns - ensuring every euro of TA multiplies its impact across both social outcomes and financial scale.
Aparna PittieDeputy Fund Manager and Partner, W2AF
“At Aqua for All, we believe that TA enhances the quality, scalability, and sustainability of water enterprises. It is a vital component of financing approaches that target social and environmental impact. TA complements investments and, when combined, maximises the impact of financing for water access.”
– Annemarie Mastenbroek, Manager Technical Assistance & Capacity Building, Aqua for All
“This TA facility is a key tool for the Fund’s investments in the water sector. It strengthens the development effects of these investments and provides capacity building beyond the commercial capital that we deploy.”
– Marianne Jønsberg, Senior Manager Business Support/TA, Norfund
Scaling sustainable water access
By pairing Incofin’s investment expertise with hands-on technical assistance, W2AF ensures that water enterprises are equipped to grow sustainably, withstand climate and operational challenges, and reach more underserved communities with safe drinking water.
Notes to editors
About Incofin & the fund W2AF
Incofin is a leading impact investment fund manager, backing businesses in inclusive finance, sustainable food, and clean water. Managing over $1.1 billion in assets, Incofin has an experienced team of 90+ professionals across Belgium, Colombia, Kenya, and India. With more than $4.7 billion invested through equity and debt, Incofin powers entrepreneurs across 50+ emerging and frontier markets, delivering tangible impact where it matters most.
The Water Access Acceleration Fund (W2AF) is the world’s first impact-first private equity fund dedicated to scaling innovative water enterprises. Managed by Incofin, W2AF recently closed with EUR 61 million in commitments from a diverse group of investors. Among them, Aqua for All and Norfund are funding the new Technical Assistance Facility, ensuring that financial investments are paired with high-quality capacity building to drive both commercial success and lasting social impact.
The fund is now investing in enterprises across Africa, Asia, and Latin America, accelerating access to safe, affordable drinking water for millions of people.
More information: https://incofin.com/
About Aqua for All
Aqua for All is an international foundation committed to ensuring universal access to safe drinking water and sanitation services that are inclusive, affordable and sustainable. Our mission is to mobilise private capital for enterprises to transform the water and sanitation sector in low- and middle-income countries.
We support local water and sanitation service providers in scaling their market-based solutions and attracting private capital. By catalysing private capital for market development and increasing access to finance, we accelerate access to climate-resilient water and sanitation services, especially in Africa and Asia.
We believe that market-based solutions, combined with public and private capital are essential to bridge the service and financial gaps to achieve SDG 6 – clean water and sanitation for all.
More information: https://aquaforall.org/
About Norfund
Norfund is the Norwegian Investment Fund for developing countries with a mission to create jobs and improve lives by investing in businesses that drive sustainable development. Owned and funded by the Norwegian Government, Norfund is the Government’s most important tool for strengthening the private sector in developing countries and reducing poverty. Norfund’s committed portfolio amounts to USD 3.8 billion, with investments across Sub-Saharan Africa, South/Southeast Asia, and Latin America. Additionally, Norfund manages the Norwegian Climate Investment Fund, which focuses on reducing or avoiding greenhouse gas emissions by investing in renewable energy in developing countries with large emissions from coal and other fossil fuel production. For more details, please visit: www.norfund.no
For media inquiries, please contact:
Shonan Kothari
Email: press@incofin.com