Acumen Resilient Agriculture Fund, LP – USD 2.5mln equity
Acumen Resilient Agriculture Fund (“ARAF” or “Fund”) will be a fund that provides equity & mezzanine products and technical support to early-stage and early-growth agribusinesses. In turn, these businesses provide climate resilience solutions to smallholder farmers in East and West Africa.
Agrovision Perú S.A.C. – USD 15 mln debt
Agro Vision Peru SAC (“Agrovision”) is a high growth, high impact, super-fruit farming company with large-scale land and water assets and operations based in Northern Peru. The vertically integrated grower-packer-shipper has developed and nearly fully planted its 2,000 hectares in Olmos, in addition to over 500 hectares in adjacent area landholdings, in the Lambayeque region, where it is on track to increase plantings to 4,000 hectares by 2022. Through licenses and strategic relationships with leading breeding programs globally, Agrovision produces conventional and organic blueberries, table grapes, asparagus and avocados. It produces premium varieties of blueberries, making it the company with the most diverse offering of premium and proprietary commercial varieties in Peru.
Arbaro Fund SCSp – USD 8 mln equity
Arbaro Fund provides effective climate change mitigation outcomes through investing in sustainable plantation forestry projects in emerging forestry markets of Latin America and Sub Saharan Africa, while also bringing adaptation co-benefits. This investment approach provides developing countries and their rural communities with a solution to increase carbon sinks by producing wood in a sustainable manner and conserving natural forests, whilst contributing to reduction of illegal logging.
EU-Armenia SME Fund, SCSp – USD 7mln equity
EU-Armenia SME Fund is a private equity fund managed by Amber Capital. It had its First Close in January 2020, at USD 31mln. The Fund is the initiative of EBRD (also an LP) and backed by the European Commission. Building Prospects intends to commit USD 7mln to the Fund, helping it reach its target size and broadening the institutional LP base. Amber intends to invest growth equity into Armenian SMEs with a sector agnostic strategy. FMO’s commitment will help support the development of the Private Equity industry in Armenia. The Fund’s investments are expected to lead to job creation (also outside the capital Yerevan)
IDH FarmFit Fund B.V. – EUR 5 mln debt
Since its inception in 2008, the Sustainable Trade Initiative (“IDH”) has developed a market-based approach to smallholder value chain development. FMO will play an instrumental role in showcasing the viability of farmer finance. A dedicated team of investment professionals will focus on offering tailor-made financial instruments (debt, risk sharing, equity) and TA to a wide range of investees that sustainably engage with smallholder farmers. Its impact is further increased through leveraging commercial bank finance.
Mawingu Networks Limited – USD 1.5 mln debt
Founded in 2013, the Kenya based Mawingu Networks seeks to leverage its low-cost distribution infrastructure and proprietary technology platform to provide internet to rural and peri-urban unconnected communities in Kenya, with expansion plans across East Africa. The company is a Wireless Internet Service Provider (WISP), which offers business, home and public internet services that are low-cost, reliable, data-unlimited.
Miro Forestry Developments Limited (UK) – USD 10.4 mln debt
Miro is one of the largest forestry plantation companies in West Africa, with currently 10,000 ha planted. Miro develops and manages high quality, cost-competitive, FSC certified, fast growing industrial timber species (mainly: eucalyptus/acacia) and is in the process of setting up the respective downstream production facilities and market entries to capture the maximum value of the wood grown. The reason for funding is to finance the company’s planting area expansion and building its processing capacity.
FMO Ventures Program – EUR 25 mln equity
FMO Ventures Program is an initiative of FMO. The EUR 200 million program is supported by contributions from the Ministry of Foreign Affairs of the Netherlands as well as by a guarantee from the European Commission.