Open calls for fund managers - FAQ
Legally registered investment funds and fund managers. Applicants must have a clear focus on water and sanitation in LDCs and LMICs and align with SDG 6.
We encourage both first-time and more established fund managers to apply.
We provide equity or first-loss equity investments, as well as technical assistance.
The call for applications closes on 31 August 2026 at 23:59 CEST.
Apply via the application link included in the call documentation.
Yes. Aqua for All believes that some businesses or sectors cause inherent damage to the environment or surrounding communities. We have therefore carefully compiled an exclusion list that excludes such activities from our portfolio.
Neither investees nor indirect investees of Aqua for All may engage in any activities included on this exclusion list.
We follow a staged approach:
- Application deadline: 31 August 2026
- Initial interviews: Q3 2026
- Longlist selection: Q3–Q4 2026
- Detailed application form and follow-up interviews: Q4 2026
- First-stage approval: Q4 2026
- Due diligence: Q1 2027
- Final approval: Q2 2027
Investments of between €1 million and €5 million, and technical assistance of up to €150,000.
Please contact Aqua for All’s Fund Investments and Capital Structuring team at IF@aquaforall.org.
Open calls for enterprises - FAQ
We open calls for applications for each of our focus countries throughout the year. Please see our website for more information on which calls are currently active: Open calls – Aqua for All
While your project is clearly valuable, our Making Water Count programme focuses on supporting water and sanitation enterprises to scale their services through market-based approaches. We aim to create systemic impact and typically do not fund projects that provide services to a specific group only.
Our current calls focus on enterprises that are working in drinking water and sanitation. Hygiene unfortunately falls outside of our scope. For that reason, it wouldn’t be a fit to apply.
We focus on enterprises independently from their legal structure (private, non-profit). What matters for our call for applications is the market-based approach. When applying as a consortium, we do prefer the enterprise implementing the market-based approach to be the lead applicant.
Submitting multiple proposals is possible. However, submitting multiple applications may give the impression of a less focused approach when we assess the applications.
Please also note that concept-stage proposals are not expected to be final. As discussions evolve, the approach may be refined, and the proposal can therefore diverge from the original concept.
Same as above. While it is possible, we highly recommend submitting a focused proposal.
We give preference to applicants who have active operations in the country for which they are applying. However, organisations with strong operations in another country may apply if they intend to scale to other countries. In such cases, the proposed expansion should be well grounded in the organisation’s existing experience and long-term strategy, rather than being driven only by Aqua for All’s geographic focus.
Applicants do not need to, nor are they able to, indicate a preferred financing instrument in their application. Based on the applications, Aqua for All will assess the most appropriate instrument and discuss it with the applicant to ensure alignment.