Our 2025
commitments

Our 2025 commitments
KEY
Gender finance qualified using the 2X Challenge criteria
Partially gender finance qualified
Climate finance qualified
Partially climate finance qualified
(£m)
Location

Growth portfolio

Debt
Abydos for Renewable Energy Company SAE
28.1
Egypt
Apraava Kutch Saurashtra Smart Meter Private Limited
36.3
India
Axian Telecom Holding and Management plc
26.1
Tanzania
Blue Leaf Energy India Investments Pte Ltd
55.5
India
DP World ENAF B.V.
4.4
Senegal
Ecom Agroindustrial Corp
27.1
Cote d'Ivoire
Family Bank Limited
15.0
Kenya
First National Bank Ghana Ltd.
15.1
Ghana
FirstRand Bank Ltd.
114.1
South Africa
Global Partnership For Ethiopia B.V.
1.5
Ethiopia
Globeleq Africa Limited
35.5
South Africa
GreenCell Mobility Private Limited
25.7
India
Habib Bank Ltd.
60.5
Pakistan
Ho Chi Minh City Development Joint Stock Commercial Bank
15.1
Vietnam
Hooghly Smart Metering Private Limited
60.1
India
Ib Vogt (Singapore) Pte Ltd
32.3
Philippines
Indorama Eleme Fertilizer & Chemicals Limited
21.2
Nigeria
Indorama Eleme Petrochemicals Limited
9.1
Nigeria
Laxmi Sunrise Bank Ltd.
19.0
Nepal
Mega Motor Company (Private) Limited
17.5
Pakistan
Rawbank SA
18.9
Democratic Republic of Congo
Robust International Pte. Ltd
3.8
Cote d'Ivoire
Ummeed Housing Finance Private Limited
21.7
India
Vietnam Prosperity Joint Stock Commercial Bank
37.1
Vietnam
Vistaar Financial Services Private Limited
33.8
India
Wave Mobile Money S.A.
23.8
Senegal
(£m)
Location

Growth portfolio

Equity
Aerem Solutions Private Limited
1.9
India
Altum Credo Home Finance Pvt Ltd
14.5
India
CLR Facility Services Private Limited
11.3
India
DP World Africa Investments B.V
11.3
Democratic Republic of Congo
Epimoney Private Limited
3.3
India
Euler Motors Private Limited
8.7
India
Global Partnership For Ethiopia B.V.
4.1
Ethiopia
MC IV Afrishell Ltd
10.4
Burkina Faso
Miro Forestry Developments Limited
1.9
Ghana
Paradigm Tower Ventures
32.9
Rwanda
Ports International FZCO
2.3
Somalia
ReNew Photovoltaics Private Limited
77.1
India
South Asia Growth Invest IIIA Holdings LP
6.8
India
SunOrganic Industries Pvt. Ltd.
8.6
India
Ulink AgriTech Private Limited
0.2
India
Virunga Healix Limited
11.6
Egypt
Fund
African Development Partners IV
34.0
Africa
Allianz Credit Emerging Markets Fund
30.2
Africa
Apis Growth Markets Fund III SCSp
7.6
Africa
BluePeak Private Capital Fund II SCSp
23.2
Egypt
Enko Impact Credit Fund L.P.
22.7
Africa
Green Investment Partnership
37.9
Vietnam
Helios Investors V, L.P.
22.7
Africa
London Forfaiting Company Limited
18.2
Africa
Revego Africa Energy Fund
33.1
South Africa
UC Impower Fund I
7.6
India
Ventures Platform Pan-African Fund II
6.1
Nigeria
Guarantee
Deutsche Bank AG MRPA
113.3
Tanzania
Standard Chartered Bank RSF
37.5
Kenya
Growth Portfolio total: £1,355.2 million (gross commitments); £1,352.8 million (net commitments)
(£m)
Location

Catalyst Portfolio

Debt
Africa Water Infrastructure Development Ltd.
0.2
Egypt
CRDB Bank Plc
10.7
Tanzania
FarmCarbon Fund - Carbon Assets I
15.1
India
First National Bank Zambia Ltd.
7.6
Zambia
Globeleq Kafue Solar Limited
17.9
Zambia
NMB Bank Ltd.
17.3
Nepal
NMB Bank Plc
37.8
Tanzania
NSIA Banque Benin 2025 – 2033
10.3
Benin
Obelisk Solar Power S.A.E.
74.3
Egypt
Sun King Financing Limited
7.6
Kenya
Equity
Agristar Holdings (Pty) Ltd
1.6
South Africa
ARC Ride Ltd
2.3
Kenya
Blubble Private Limited (Turno)
1.7
India
CureBay Technologies Pvt Ltd
3.0
India
Ecofy Finance Private Limited
18.6
India
Gridworks Development Partners LLP
20.8
Africa
Growth Investment Partners Zambia Ltd
29.5
Zambia
Metro Africa Xpress (MAX.NG)
1.9
Nigeria
Fund
Acumen H2R Expansion Fund LP
14.8
Africa
Ardian Averrhoa Nature Based Solutions Fund
8.8
Africa
Aruwa Capital Fund II
3.9
Nigeria
Circulate Capital Asia II
15.1
India
IIDEA Fund 1
11.3
India
Inside Equity Fund II
7.6
Zambia
Lendable MSME Fintech Credit Fund II
10.9
Indonesia
Theia Ventures Fund I
3.7
India
Catalyst Portfolio total: £354.2 million (gross commitments); £335.3 million (net commitments)
(£m)
Location

Kinetic Portfolio

Debt
Africa Water Infrastructure Development Ltd.
3.8
Egypt
Ampersand USA, Inc
5.1
Rwanda
ARC Ride Ltd
3.8
Kenya
Babban Gona Farmer Services Nigeria Limited
5.6
Nigeria
Electrigo Services Private Limited
3.7
India
FarmCarbon Fund - Carbon Assets I
3.8
India
Grow Indigo Private Limited
7.8
India
Lovegrass Limited
3.7
Ethiopia
Mobile Power Finance Limited
5.6
Democratic Republic of Congo
nextProtein
6.4
Tunisia
Obelisk Solar Power S.A.E.
11.1
Egypt
Odyssey Energy Solutions Procure I, INC.
5.5
Nigeria
Société d’Aménagement du Littoral de Nouakchott
0.4
Mauritania
Fund
Green Investment Partnership
7.6
Vietnam
Kinetic Portfolio total: £73.8 million
(£m)
Location

Ukraine Portfolio

Debt
Katerinopolskiy Elevator
25.3
Ukraine
MHP Food Trading LLC
15.1
Ukraine
Ukraine Portfolio total: £40.4 million
£m
Gross new commitments
1,823.5
Cancellations
(21.2)
Net new commitments
1,802.3

Our commitments in numbers

In 2025, we made

£1.82bn

of new commitments

Our portfolio is

£6.64bn

Our total assets are

£9.88bn

Our average annual portfolio return (seven-year weighted average) is

3.8%

Explore our investments

INVESTMENTS
INVESTMENTS

A summary of our investments in numbers

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OUR FINANCIAL PERFORMANCE
OUR FINANCIAL PERFORMANCE
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OUR IMPACT PERFORMANCE
OUR IMPACT PERFORMANCE
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INVESTMENTS IN ACTION
INVESTMENTS IN ACTION

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CATALYTIC CAPITAL
CATALYTIC CAPITAL
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BII PLUS
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