Who we are

EDFI Management Company


EDFI Management Company (EDFIMC) was established in 2016 on behalf of EDFI’s members, as a full subsidiary of the EDFI Association in Brussels.

EDFI Management Company is a specialised asset management company with a public mission to support market development in low- and middle-income countries and to contribute to the Sustainable Development Goals. It manages delegated funding from the EU blending instruments to deliver development finance solutions that enable European Development Finance Institutions (DFIs) and private sector investors to increase the scale and impact of their work by investing more and in higher risk opportunities than would otherwise be possible.

EDFIMC focuses on business models, technologies and geographies where European DFI members have not been able to operate at the desired scale given their resources and investment criteria. It accepts higher transaction costs and greater risks to enable other investors to deploy capital that they could not have invested otherwise. Typically, EDFIMC seeks risks that are higher than EDFI members can accept with their own capital. This includes equity stakes in early-stage companies, first-loss guarantees and flexible financing structures, local-currency lending, and investments in markets with limited liquidity.


EDFIMC has been set up to manage delegated funding from the EU. To date, it has been mandated to run ElectriFI, AgriFI, and T&C.



The EDFI Management Company is registered as a legal entity under the laws of Belgium.
It is a subsidiary fully owned and controlled by the EDFI Association (BIO, the Belgian DFI holds a 1% stake for legal reasons).

The strategic direction for the Management Company is set by EDFI on behalf of its members and is aligned with their interests. The Board of Directors of the Management Company consists of up to 7 members, is nominated by the Board of Directors of EDFI, and includes one EDFI Board Director. It is chaired by EDFI’s General Manager and carries out internal control based on regular reporting. Most board members are appointed at the investment executive level.

The Managing Director is responsible for the daily operations, overseeing programmes, and developing the company’s capacities and opportunities for new mandates.

Building on the collective knowledge and experience of EDFI members to develop EDFIMC business and support successful delivery is a key to its success. EDFIMC engages actively with EDFI members and shares its investment plans and opportunities for cooperation.

Board members

Yvonne Bakkum

Managing Director, FMO Investment Management

Pierre Forestier

Director TA - Blending and Sustainable Development, PROPARCO

Pierre van Hoeylandt

Director, Intermediated Equity (Special Projects), CDC Group

Markus Gabbert

General Counsel / Chief Compliance Officer, DEG

Frederik van den Bosch

Managing Director, EDFIMC

Søren Peter Andreasen

General Manager EDFI

Helena Arlander

Director, Alternate to the MD, Finnfund

Carole Maman

Chief Investment Officer, BIO


The EDFI Management Company is based in Brussels. The daily operations are overseen by the Managing Director. He is assisted by a management team and specialised Investment Officers, dedicated to the various projects.


Discover the ElectriFI and AgriFI teams.

Frederik van den Bosch

Managing Director

Sebastiaan de Vries

Chief Financial Officer

Dominiek Deconinck

Manager ElectriFI

Dimitry Van Raemdonck

Manager AgriFI

Els Dalle

Office Manager

Luciana Gaspar

Sustainability and Impact Officer

Sam Lampert

Senior Strategy Advisor

Mathilde Poncelet

Communications Specialist

Mimsy Van Bokkelen

Senior Legal Counsel & Compliance

Toep Van Mierlo

Legal Counsel

Get in touch

with us

Funds under management

EDFIMC has been set up to manage delegated funding from the EU. EDFIMC has been mandated to run ElectriFI,  AgriFI, and the T&C guarantee.


The Electrification Financing Initiative (ElectriFI) is an innovative facility supporting electrification investments. It aims at accelerating access to electricity and modern energy services through intervention at the active development stage of a project. Initiated by FMO, the Dutch Entrepreneurial Development Bank, it is funded by the European Union and managed by the EDFI Management Company. Power Africa has contributed an amount of USD10 million that will be used exclusively for electrification projects in Africa.

The current ElectriFI envelope exceeds €215 million. Approximately 15 % of this allocation is dedicated to a TA Unit which helps promoters for a period of up to 10 years. ElectriFI provides loans and equity and initially has a timeframe of 10 years, which could be extended if additional funding is secured.

ElectriFI supports renewable energy investments, with a focus on rural electrification, with a total budget above €0.5 million. At early project stages or during the pilot phase, the developer will be expected to provide part of the equity. The total amount contributed by ElectriFI will not exceed €10 million per project.

Eligibility Criteria

  • Geographical Coverage – The project host country must be included in a list of emerging markets, which can be found on www.electrifi.eu, with a focus on countries in Sub-Saharan Africa.
  • Sector – The ElectriFI mandate covers projects offering both on-grid and off-grid solutions. All renewable technologies (excluding first generation biofuels) are eligible. Combining renewable with conventional generation can be considered if indispensable for the stability of the energy produced.
  • Sustainability – Funding will only be directed to those projects undertaken by entities deemed capable of attaining financially sustainability.

More information on www.electrifi.eu



The Agriculture Financing Initiative (AgriFI) is an innovative blending facility supporting investments with a value chain approach focusing on smallholder’s inclusiveness and/or agri-business medium, small and micro enterprises (MSME).

AgriFi is funded by the European Union and managed by the EDFI Management Company. The current AgriFI envelope is €39 million.

AgriFI will respond to the lack of financing mechanisms adapted to smallholders with limited market orientation, vulnerable groups, women and youth, farmers and entrepreneurs. The financing will support the increase of yields at affordable rates, and help raise farmer incomes. Increased farmer income and adherence to the highest environmental and social standards, will support sustainable supply chains that create additional employment, improve food security and enhance environmental and social practices.

More information on www.agrifi.eu

Privacy Policy

Click here to view EDFIMC’s updated Privacy Policy, in alignment with the General Data Protection Regulation (“GDPR”).

For any questions about this policy, please get in touch with us by e-mail at info@edfimc.eu.


Grievance Mechanism

EDFI MC’s Grievance Mechanism is established to respond to legitimate concerns and grievances by individuals and their representatives who are adversely impacted by EDFI MC’s investments.

The mechanism offers the channel of addressing these complaints.

How to use EDFI MC ’s Grievance Mechanism.