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The impact fund has a five-year investment period but OP chief investment officer Erkko Ryynänen expects it to be fully invested within three years, at which point a follow-on vehicle will be raised.
Cargill-affiliated Proterra has been an investor in Country Bird since 2014, helping the company enter new regional markets.
Tomato, canned tomato
Development Partners International made the investment from the third iteration of its Africa fund, which it is currently raising.
Decernis chief executive Kevin Kenny says some degree of scarcity and price pressure on difficult to grow and process food items is inevitable in the wake of covid-19.
Partner Chris Mitchell says the response to challenges presented by covid-19 could help determine the pace and focus of regional ag sectors’ further development.
The UN arm that tackles rural poverty and hunger amended its 42-year-old founding document in February 2019 so it can invest in private vehicles to enhance its scale and impact.
Mbuyu Capital Partners co-founder Michiel Timmerman says low or non-existent fees for co-investments in Africa feed demand for such deals among his pension fund and endowment clients.
Desert Quarry
New Zealand is one of the few western countries to still export phosphate from the disputed territory, which the legal action from the Polisario Front seeks to highlight and curtail.
EXEO partner Izak Strauss says firms like Masimong Group Holdings that invest to promote black empowerment in South Africa are increasingly interested in agriculture.
Fresh ripe lemons on a lemons on tree
The fund will pursue a buy-and-lease strategy and will also target development projects that could deliver IRRs of ‘50-60%’, said a founding partner.
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