The Impact-Linked Finance Fund (ILFF) is established as a Dutch foundation with a defined governance structure, designed to support Impact-Linked Fund Managers in the efficient and compliant deployment of Impact-Linked Funds. Its Board provides fiduciary oversight and authorizes the setup of program-specific governance bodies such as Thematic Investment Committees (TICs).
Official name: Stichting Impact-Linked Finance Fund
Registered address: Prins Hendrikkade 21-E / 1012TL Amsterdam / The Netherlands
Website: https://ilf-fund.org/
Contact details: info@ilf-fund.org
Trade register registration: 34333546
Tax registration: 820623775
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The Impact-Linked Finance Fund (ILFF) was established to solve a structural challenge in the impact investing ecosystem: the lack of operational infrastructure to deploy grants into Impact-Linked Finance instruments in a compliant, efficient, and scalable way.
Our infrastructure enables funders and Impact-Linked Fund Managers to focus on what matters most — strategy, innovation, and impact — while the ILFF takes care of the back-end. In close collaboration with our trusted partners and service providers, we offer legal, financial, and compliance services that make it easier to implement Impact-Linked Finance transactions at scale.—
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The Impact-Linked Finance Fund does not aim to make a profit.
The articles of association of Impact-Linked Finance Fund provide for remuneration rules. This means that the board shall determine the remuneration and further terms and conditions of employment of each board member. As such no other remuneration policy other than the remuneration rules from the articles of association apply.
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These values are drawn from the ILFF Investment Policy and are intended to guide Impact-Linked Fund Managers implementing Impact-Linked Funds under the ILFF’s platform.
We strongly believe that the impact performance of an enterprise can be affected by the way in which it is financed. We apply the Design Principles for Impact-Linked Finance in order to ensure maximum additionality and promote the most effective use of funds and engage in further development of these principles and its broader application in the field.
We apply highest transparency standards across the whole process from selection, structuring of financial transactions and outcomes to verification. We regularly share information and relevant indicators with the Advisory Board and the Investment Committee in order to get guidance and support.
The verification of impact will go beyond process validation of outcomes and include the contribution of the financing for the enterprise and the broader impact of its activities including unintended effects whenever possible and feasible.
We believe in the idea of “better terms for better impact” and advocate for applying this approach across business, policy and finance. We are committed to contribute to the field by sharing lessons learned and good practice as well as providing support to other actors engaging in Impact-Linked Finance.
We actively seek input and feedback from our stakeholders, in particular beneficiaries and organizations supported by the Foundation.
The following diagram illustrates the overall governance ecosystem of the ILFF. The ILFF Board of Directors (BoD) is responsible for the overall operational management of the ILFF Foundation. While it does not directly manage individual funding windows or execute transactions, the BoD plays a central role in ensuring strategic and fiduciary oversight across the platform. It formally approves Impact-Linked Fund Managers based on operational capacity, sector expertise, and alignment with ILFF’s mission. For each thematic funding window, the BoD also appoints members of a Thematic Investment Committee (TIC) — often in consultation with relevant funders — which takes final investment decisions based on recommendations from the Impact-Linked Fund Manager. Impact-Linked Fund Managers are responsible for managing their assigned Impact-Linked Funds, including deal sourcing, due diligence, investment structuring and monitoring, in line with pre-approved investment guidelines.
Illustrative overview. See Investment Policy and Bylaws for full governance details.
The Board of Directors (BoD) is in charge for operational management of the Foundation (i.e. the executive team). The BoD appoints members of the Thematic Investment Committees in coordination with the funders of the respective fund.
The Thematic Investment Committee is set-up for every fund (typically a program funded by one or more donors or catalytic funders) and representing key funders and financing and thematic experts to oversee the investment strategy and follows closely the pipeline as well as the proposed transactions. Members agreed upon by BoD and funders of relevant program.
These documents provide legal and strategic guidance for how ILFF operates as a foundation and back-end service platform. They outline the Foundation’s governance structure, investment delegation, and values that Impact-Linked Fund Managers adhere to.
Articles of Association (Dutch version with English translation)
General Investment Policy & Guideline (incl. Design Principles for Impact-Linked Finance)
