Swedfund has committed USD 15 million to Navegar Fund III, a private equity fund focusing on mid-sized companies in the Philippines. The investment aims to help local businesses grow, strengthen their operations, and create more productive and better-quality jobs.
The Philippine economy has seen steady growth in recent years, but many small and mid-sized companies still struggle to access long-term capital. Around 70 per cent of the workforce is employed informally, often in jobs that lack stability, social protection and opportunities for skills development. Mid-sized companies are important employers and service providers, yet many lack the resources needed to grow, improve productivity and strengthen governance.
“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,” says Helen Hagos, Investment Director, Food Systems & Strategic Investments at Swedfund.
Traffic in Manila, Philippines. Photo: Nikada, Getty Images
The investment provide access to capital for mid-sized companies in consumer and business services to grow and formalise their operations, including in sectors such as healthcare, food distribution, and logistics. This contributes to stronger local value chains and can also improve access to essential goods and services across the Philippines.
Through long-term capital and active ownership, Swedfund supports the development of more resilient businesses, higher-quality jobs, and more inclusive economic growth. The investment also contributes to Decent Work and Economic Growth as part of the United Nations Sustainable Development Goals.
The investment is aligned with Swedfund’s thematic fund investment strategy and strengthens its exposure to Southeast Asia, supporting markets with strong potential for inclusive growth and job creation.
