Achmea Investment Management (Achmea IM) and ILX Management (ILX) have entered into a strategic investment partnership to launch a new vehicle targeting multilateral development bank (MDB) and development finance institution (DFI) loans for Dutch pension funds.
The proposed private debt strategy will co-invest alongside international MDBs and local DFIs, providing capital to companies and infrastructure projects driving sustainable economic and social development across emerging markets and developing economies (EMDEs). The majority of the portfolio will be allocated to loans with explicit, measurable social impact targets.
Achmea IM currently oversees approximately €16 billion in impact investments, managing dedicated impact portfolios across climate, biodiversity, healthcare, and social equity sectors. ILX manages over €1.5 billion in EMDE private debt assets on behalf of Dutch and Danish institutional investors, leveraging direct originations from global development finance networks.
Maureen Schlejen, Chair of the Executive Board of Achmea IM, stated that the joint strategy responds to institutional demand for investments offering market-aligned financial returns alongside verifiable development impact.
Manfred Schepers, Chief Executive Officer of ILX, noted that blending public and private capital through institutional co-investment frameworks expands funding availability for real-economy projects in developing markets while offering long-term institutional investors access to high-quality credit opportunities.
The partnership comes as European pension funds increasingly seek structured debt vehicles to deploy capital into climate adaptation, clean energy transition, and social infrastructure within developing regions.
