IIX Growth Fund


The IIX Growth Fund delivers social and environmental impact at scale, while offering financial returns that are broadly on par with private early stage funds.

In South and Southeast Asia, IGF will focus on three underserved frontier-market countries that have received limited focus from impact investment funds, allocating 80% of its capital to Bangladesh, Indonesia and the Philippines, with the balance available for investment in other markets in the region on an opportunistic basis.

bangladesh map


indonesia map


Philippines map


Key Focus Sectors

IGF will target ventures across four sectors based on three well defined, focused investment themes where we see the greatest market need to deliver large scale mass impact

Clean Energy

Distribution-led ventures that build value based on customer acquisition efficiency, supply chain/logistics support and developing differentiated brands.


Technology/Mobile driven ventures that leverage or build digital tools or platforms to develop innovative new businesses or reach previously unaddressed population segments.


Livelihood-driven businesses that address poor or otherwise disadvantaged populations as employees, suppliers, vendors or entrepreneurs.

Within these sectors, IGF will prioritize investments in Impact Enterprises either owned by women or with a significant impact on women beneficiaries.

Because women are often excluded from access to finance, and empowering women tends to benefit entire communities, IGF aims to make a significant amount of its investments in IEs owned by or empowering women.

Our Investment Approach
& Impact Assessments

IGF will invest in companies at early and growth stages and scale up. Investment sizes will vary from US$250, 000 to US$5 million and will primarily take the form of equity or quasi-equity. We will provide active post-investment support to portfolio companies. All investments will include pre-agreed social or environmental impact targets, which will be independently audited and assessed during on-going operations and when the Fund exits the investment.

IIX & Shujog’s Strategic Advantage

IGF is strategically well placed to leverage IIX’s track record in capital placement and investment advisory in the impact sector including a unique proprietary impact venture pipeline, strong local networks in the target countries, and deep relationships with large venture capital, private equity funds and family offices and institutions in the region. We leverage on IIX’s deal pipeline, investment platforms and strong regional network, as well as Shujog’s expertise in assessing and magnifying impact.

For more information on the IGF, get in touch with us at iixgrowthfund@asiaiix.com