Swedfund has committed $15 million to the Navegar Fund III, a private equity fund focused on mid-sized businesses in the Philippines. This investment seeks to enhance local enterprises, boost productivity, and generate quality jobs.
Targeting Economic Growth and Stability
Creating more productive and formal jobs is essential for inclusive economic development. By helping growing businesses access the capital they need to expand, this investment aims to strengthen the private sector and contribute to sustainable job creation in the Philippines.
Helen Hagos, Investment Director, Food Systems & Strategic Investments at Swedfund
- Investment focuses on mid-sized companies in consumer and business services.
- Aims to improve access to essential goods and services across the Philippines.
- Supports the United Nations Sustainable Development Goals on Decent Work and Economic Growth.
Despite steady economic growth in the Philippines, many small and mid-sized enterprises face hurdles in securing long-term funding. Informal employment remains a significant issue, with 70% of the workforce lacking stability and social protection.
Swedfund's investment will provide crucial capital to help mid-sized companies formalize and expand their operations. This is particularly vital in sectors like healthcare, food distribution, and logistics, which are essential for local economies.
By prioritizing long-term capital support and active management, Swedfund aims to cultivate resilient businesses, foster inclusive economic growth, and create better job opportunities in the region.