On Monday 1 September 2025, the Boards of Investing for Development SICAV (IforD) and specialist climate and impact fund manager Camco officially announced a strategic partnership between the two companies.

According to IforD and Camco, the collaboration brings together IforD’s expertise in development finance and fund management with Camco’s proven track record in climate-focused and sustainable investment solutions and “delivers greater value for LMDF, FCCF and FEF shareholders, while reinforcing Luxembourg’s position as a leading hub for impact finance”. They noted that this marks “a significant milestone for both organisations and the broader Luxembourg impact finance ecosystem”.

IforD and Camco reported that the new partnership delivers both immediate and long-term benefits for shareholders of IforD-managed funds, including the Luxembourg Microfinance and Development Fund (LMDF), the Forestry and Climate Change Fund (FCCF) and the Female Entrepreneurship Fund (FEF). 

The companies noted that by leveraging Camco’s deep sector expertise and global reach, the funds gain access to:

• broader investment opportunities: Enhanced pipeline of high-impact, sustainable investments tailored to

each fund’s mandate, driving diversification and resilience;

• operational synergies: Integration of best-in-class governance, risk management, and reporting

standards, strengthening portfolio performance and transparency for shareholders;

• amplified impact: Shared commitment to measurable environmental and social outcomes, reinforcing the

funds’ missions to deliver positive change while generating sustainable financial returns;

• expertise and innovation: Combined teams offer cutting-edge expertise in climate finance, microfinance,

and sustainable infrastructure, ensuring shareholders benefit from leading market practices and insights;

• wider distribution capabilities: Broader access to development finance, institutional, foundational, and

private investors through combined distribution networks;

The companies also stated that by bringing together two mission-driven organisations in the heart of Luxembourg, the collaboration:

• supports the Grand Duchy’s ambition to catalyse meaningful global climate action and sustainable development through innovative finance solutions;

• strengthens the local ecosystem by attracting new expertise, fostering talent development and encouraging knowledge exchange within the financial sector;

• sets a benchmark for best practice in fund structuring and impact measurement, reinforcing Luxembourg’s role as a frontrunner in responsible investment.

Geoff Sinclair, Managing Director, Camco, said: “This partnership unites substantial capital resources and investment acumen from Luxembourg and the United Kingdom with a robust local presence and deep understanding of investee markets. I am delighted to welcome the IforD team and confident that this collaboration will enable us to offer investors more compelling opportunities while advancing our climate and development objectives.”

Raymond Schadeck, Chairman of the Board, Investing for Development, added: “This partnership between IforD and Camco is a powerful win-win. It brings together catalytic capital with deep sector expertise, enabling both partners to expand their reach, amplify their impact and unlock new opportunities in emerging markets. For Investment for Development, it strengthens the bridge between finance and purpose. For Camco, it boosts the ability to scale solutions that matter - for people, planet and progress.”