MDIF Year in Review 2025

Media Development Investment Fund (MDIF) has published its Year in Review 2025, marking 30 years of investing in independent information. The report is a record of the past year's work that also takes stock of three decades of investing in what we've come to understand as public interest information infrastructure.

"Accurate, reliable information needs to be seen as a critical resource for democratic societies to function - like the pipes and cables that carry water and electricity," writes CEO Harlan Mandel.

What's in the Media Development Investment Fund's 2025 Year in Review

Inside, you'll find the numbers that defined the year: $119 million in assets under management across 56 companies in 31 countries and $9.7 million deployed in new investments over the year.

Alongside the usual portfolio data, this year's Year in Review is built around MDIF's people. Our CEO, Chief Strategy Officer, Chief Investment Officer, Chief Program Officer, General Counsel and the head of our Media Advisory Services each reflect on where MDIF stands right now, and where the wider media industry is heading.

The report frames itself as an open invitation to MDIF's partners to think together about where both MDIF and the field need to go next.

Read the full report, explore the summary slideshow below or view the infographic.