MDIF is a not-for-profit investment fund for independent media in countries where access to free and independent media is under threat. We provide affordable debt and equity financing supported by technical assistance to media companies that provide the news, information and debate that people need to build free, thriving societies.

MDIF is a New York-registered not-for-profit corporation with 501(c)(3) public charity status.

Funders and investors

MDIF funders and investors include a wide range of organizations and individuals who share our commitment to independent media. Their financing helps media companies in challenging environments build strong businesses that hold the powerful to account and foster economic, social and political development.

Fund structure

MDIF manages its investments through a fund structure. We manage a range of mission-first investment funds in independent media – private equity, debt and hybrid.

Our Team


Our multinational team is highly experienced in managing mission-driven investments in independent media companies in emerging and frontier markets.


Our Board of Directors brings global expertise in media investment, news management and investigative journalism.

What’s new

Updates and resources from MDIF, our clients and the world of media investing.

Impact Dashboard 2018

Impact assessment is a critical part of our work. Since 2005, we have published our Impact Dashboard to publicly present the findings of our annual analysis. The Dashboard provides a…

MDIF Portfolio Review 2018: Interactive

The MDIF Portfolio Review 2018 presents an overview of the performance of our investment portfolio, including visualizations of allocations by geography, press freedom ranking and corruption perceptions. It also offers…