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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.
Agri-Vie Fund II falls just short of $150m target but EXEO managing partner Herman Marais says food and agri remains a ‘logical entry point’ for long-term investors who want exposure to Africa.
OPIC has committed up to $75 million to the fund manager’s second agricultural fund, which like its predecessor will target the food and FMCG value chain in sub-Saharan Africa.
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