Luxembourg Microfinance and Development Fund (LMDF) is an economic development agency based in Luxembourg, Luxembourg. Established in 2009, the fund is an open-ended Luxembourg SICAV investing in equity and debt of smaller micro-finance institutions, open to the public, and offering different risk-return classes for different investors. The assets of the firm are managed and governed by the executive management team.Luxembourg Microfinance and Development Fund's investment portfolio is valued at over EUR8.23 million, with investments in domestic and international equity, alternatives, and cash.