Green for Growth Fund (GGF)


Last updated 6 January 2022, by Impactyield.

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Green for Growth Fund  makes renewable energy investments in the Southeast Europe Region  and in the Middle East and North Africa by providing financing to businesses and households through partnerships with financial institutions and direct financing.

Asset class

Fund style

Financial description


13 years

of track record


the year funded



Asset manager

Finance in Motion


Headquarters location:

Other funds managed by this asset manager: ArbaroEuropean Fund for Southeast Europe (EFSE)eco business Fund

SDG goals

SDG targets

Universal access to modern energy

Increase global percentage of renewable energy

Double the improvement in energy efficiency

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: Finance in Motion

Product track record: Fund has 13 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2010

Vintage year: 2010

Target region: , ,

Target close date: n.a.

Product term: n.a.

Assets under management: n.a.

Investment size: Min: 0; Max: 0; Avg: 7,529,429

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 110

Fund investments to date exited or repaid: 22

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: Currently, GGF first-loss investors are - European Commission (EC) - German Federal Ministry for Economic Cooperation and Development (BMZ). International Financial Institutions that have invested in GGF are - European Investment Bank (EIB) - KfW - European Bank for Reconstruction and Development (EBRD) - International Finance Corporation - Development Bank of Austria (OeEB), - Netherlands Development Finance Company (FMO) Private institutional investors that have invested in GGF are - GLS Bank - asn Bank - fair-finance - Stichting Democratie & Media - Finance in Motion

Limited Partner / Investor Type: Development Finance Institution (DFI), Other Institutional Investors


E-mail: n.a.


Phone number: +49 69 271 035 0

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Lloyd Stevens

Director Investment Management

Maja Gizdic

Director Investment Management

Impact Performance


Impact thesis

Impact Management


Financial benchmark

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