An investment fund established by the Department of Foreign Affairs and Trade has encouraged some big family offices, including Andrew Forrest’s Tattarang, to invest in a fund that will back female entrepreneurs in South-East Asia.
It is EMIIF’s third investment, with two more expected next year, and comes as the Albanese government seeks to deepen engagement with the South-East Asian region. EMIIF also allows the government to leverage its regional aid budget, by applying “impact investing” principles which focus on achieving social outcomes going beyond traditional grant-based aid funding.Investment Fund help create the conditions for private capital to contribute to development goals, benefiting our neighbours in the Indo-Pacific and Australia,” said the Minister for International Development and the Pacific, Pat Conway.
EMIFF was created in July 2020 with $40 million of seed funding. The investment in Sweef is its third, after it backed Ascent Vietnam Ventures and