Dutch Impact Growth Fund
The Dutch Impact Growth Fund (DIGF) combines pension capital, impact, and innovation. We enable institutional investors to invest in Dutch and European start-ups and scale-ups working on the economy of the future.

Pension capital at work for tomorrow's economy
The Dutch Impact Growth Fund combines pension capital and innovation. We enable institutional investors to invest in Dutch and European start-ups and scale-ups that are working on the economy of the future.

Innovation seeks capital. Capital seeks access.
Innovation determines the future earning capacity of the Netherlands. Yet a large portion of the promising companies do not reach the next growth phase, due to a shortage of suitable growth capital.
At the same time, pension funds are searching for investments that combine returns with impact and long-term value. The ambition is there. But access to innovative enterprises is often complex and fragmented.
The Dutch Impact Growth Fund brings these worlds together.
Manageable Investment in Innovation
Through the Dutch Impact Growth Fund, institutional investors can invest in impactful innovations in a way that suits their scale and risk profile. Spread out, carefully constructed, and focused on the long term. This creates a portfolio with attractive returns and a direct contribution to innovation and impact in the Netherlands and Europe.
A venture capital fund of funds
The Dutch Impact Growth Fund invests in carefully selected venture capital funds. Through diversification and active selection, we reduce risk and achieve scale. For institutional investors, that means:
Access without complexity
Access to Dutch and European impact investments, without operational complexity, but via a single professionally managed fund.
Attractive risk-return
Access to 100-300 innovative companies and a well-diversified portfolio across sectors, technologies, and funds. This creates scale and risk spreading.
Measurable Impact
Measurable impact within key transitions, a mix of among others climate, health, and innovation.
Strategic value
Investments that contribute to strengthening the Dutch innovation ecosystem.
Institutional governance
An institutional governance structure, managed by Invest-NL.
Investing in the transitions of tomorrow
The Dutch Impact Growth Fund focuses on innovative companies working on the major transitions of today: from energy and circular economy to health and deep tech. Precisely in the phase where companies scale up, the greatest impact and value are created.
We invest via venture capital funds in 4 themes:
- Climate & Circular Economy
- Ecosystems & Environment
- Health & Wellbeing
- Innovation
Fund characteristics:
- Manager: Invest-NL Asset Management B.V.
- Only accessible to professional investors within the meaning of art 1:1 Wft
- Structure: Common Fund
- Term: 12-15 years (closed-end)
- Target AUM: €600 - 800 million
- Return target: 10 - 15% IRR
- AIFMD manager
Experience, network, and execution
Invest-NL initiates and manages the Dutch Impact Growth Fund. As a national financing and development organisation, we combine public objectives with experience, market knowledge, access to quality deal flow, and careful portfolio management. This translates into an approach that meets the requirements of institutional investors. This brings:
A portfolio of
A strong
An organisation focused on
Questions about this subject? Jeroen is happy to help.
Jeroen van Rumund
lead institutional capital

Downloads
Download the relevant documentation and fund information here.
Sustainability Information: Sustainable Finance Disclosure Regulation (SFDR)
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Funds that clearly fill a funding gap in the venture capital ecosystem, that's what we opt for. Find our criteria here.

Invest-NL was established in 2019 to accelerate societal transitions through patient capital. In addition to financing, we leverage our expertise and network. As the Netherlands’ national financing and development institution, we are a private company with the Ministry of Finance as our sole shareholder.

As an impact investor, we play a role in making the companies and projects we finance and support more sustainable. Before we actually invest in a company, we go through a joint process. And once we are officially impact partners, we remain continuously and actively involved.