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BlueOrchard COVID-19 Emerging & Frontier Markets MSME Support Fund

  • Tackling the consequences of the pandemic
  • A leading example of blended finance
  • Aiming to support MSMEs hit by COVID-19

Fund documents

Our investment goals & strategy

after COVID-19

Our forward-thinking debt financing initiative helps micro, small, and medium-sized enterprises (MSMEs) in emerging and frontier markets get back on their feet after the widespread business disruptions of COVID-19.


Thanks to our extensive network of financial institutions across the globe, we are able to support those MSMEs which often have difficulty in accessing finance.

A force
for good

The wider aim of the fund is to continue to make progress again in areas such as women’s empowerment, poverty alleviation, and reduced inequality.

Fund characteristics

Fund inception December 2020
Asset class Private debt (blended finance)
Status Closed
Liquidity Closed-end
NAV frequency Quarterly
Domicile and legal structure Luxembourg, SCSp SICAV-RAIF
SFDR classification Article 9
External AIFM BlueOrchard Asset Management (Luxembourg) S.A.
Investment manager BlueOrchard Finance Ltd
Depositary Banque de Luxembourg
Administrator European Fund Administration S.A.
Technical assistance The donor is the Swiss Government via the State Secretariat for Economic Affairs (SECO/DEZA)
Backed by British International Investment
FSD Africa
IDB Invest
Japan International Cooperation Agency (JICA)
U.S. International Development Finance Corporation (DFC)
Visa Foundation
Schroders Plc
KfW Entwicklungsbank
All investments involve risk. We note specifically that past performance is not an indication of future results.

SDGs addressed

Core SDGs

Aligned SDGs

Core SDGs: Core SDGs are those that address the impact intent and/or sustainability investment objective of a given fund.
Aligned SDGs: Aligned SDGs are those that the fund’s investees promote through responsible ESG management practices.

Impact KPIs

Figures as of 31 March 2022
MSMEs* supported by institutions in the portfolio
MSMEs supported by the fund
job opportunities created or maintained by institutions in the portfolio
Female clients
Rural clients
Median loan size7
*Micro, small, and medium-sizes enterprises (MSMEs)
SFDR-related disclosures (investor information - password protected)

SFDR Pre-contractual Disclosure - COVID AA

SFDR Pre-contractual Disclosure - COVID GI

SFDR Website Disclosure (article 10) - COVID AA

SFDR Website Disclosure (article 10) - COVID GI

SFDR Periodic Disclosure - COVID AA

SFDR Periodic Disclosure - COVID GI

Statement on Principal Adverse Impacts of Investment Decisions on Sustainability Factors - COVID AA

Statement on Principal Adverse Impacts of Investment Decisions on Sustainability Factors - COVID GI


Business Development
General inquiries
Magnus Weikert
Senior Vice President Nordics
Business Development
EU inquiries
Thomas R. Henauer
Business Development Director, DACH region
Admir Trnjanin
Vice President Business Development
Camille Loubignac
Vice President Business Development

Positive impact in unprecedented times

How the Georgian Credo Bank is supporting its clients during the COVID-19 pandemic

Measures to contain the COVID-19 pandemic had a strong impact on many economies, particularly on MSMEs, which are the backbone of the economy. Georgian Credo Bank is one of BlueOrchard’s investees that has been able to continue providing MSMEs and farmers with uninterrupted access to finance during the pandemic. For example, the bank granted payment deferrals to its clients to help them cope with the crisis. One of its clients, Valiko Sukhashvili, a poultry farmer with about 30 employees, was able to buy additional poultry and continue his business with the help of a GEL 30,000 (USD 11,000)  loan from Credo.

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