Danish pension PBU backs first close of new SE Asia-focused women’s fund
Photo: Bloomberg Premium
Danish pension scheme Paedagogernes Pension (PBU) has become the cornerstone investor in the official launch and first close of the Southeast Asia-focused SEAF Women’s Economic Empowerment Fund (SWEEF), according to an announcement.
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UN Asia-Pacific fund to support female entrepreneurs in Southeast Asia
Posted : 2021-01-15 12:43
Updated : 2021-01-18 10:06 The U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) has joined hands with the U.N. Capital Development Fund (UNCDF) to launch the Women Enterprise Recovery Fund supporting female entrepreneurs in Bangladesh, Cambodia, Indonesia, Myanmar, Nepal and Vietnam. / Courtesy of ESCAP
By Yi Whan-woo
The U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) has teamed up with the U.N. Capital Development Fund (UNCDF) to launch a fund supporting female entrepreneurs in Bangladesh, Cambodia, Indonesia, Myanmar, Nepal and Vietnam.
By Rachel Fixsen2021-01-15T13:12:00+00:00
Pædagogernes Pension is becoming the cornerstone investor in the new southeast Asia-orientated fund SEAF Women’s Economic Empowerment Fund (SWEEF) investing DKK100m (€13.5m) with the global impact private equity manager.
The DKK79bn (€10.6bn) pension fund for early-childhood teachers said the fund focussed on improving women’s rights and working conditions through investments in Vietnam, the Philippines and Indonesia, in high-growth sectors with a large proportion of female labour.
Sune Schackenfeldt, chief executive officer of PBU, said: “With investments that have a special focus on women’s conditions, we are strengthening their employment, earnings and opportunities for social and economic advancement.”
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UN ESCAP partners with SEAF to launch Women’s Economic Empowerment Fund
In early 2020, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Small Enterprise Assistance Funds (SEAF) formalized a partnership to catalyze women’s entrepreneurship through gender lens impact investing in Asia. The partnership, which received financial support from the Government of Canada, set out to unlock private growth capital for small and medium enterprises over the next four years through the development and management of private equity impact funds targeting women as business owners, leaders, employees, and consumers.
Today, ESCAP and SEAF are pleased to announce the successful launch and first close of the SEAF Women’s Economic Empowerment Fund (SWEEF). ESCAP has provided SEAF with technical assistance and grant support to complete the establishment of SWEEF. To date, the Fund has received an anchor commitment from Pædagogernes Pension (PBU)