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Agri-Vie Fund II

http://www.agrivie.com/

Agri-Vie Fund II is a successor fund to Agri-Vie I, a 2008 vintage, specialized food & agribusiness investment fund active in Sub-Sahara Africa. Agri-Vie Fund II will continue the same investment strategy as its predecessor fund, orienting itself to providing growth equity through influential minority positions in mid-size companies in selected subsectors in food and agribusiness. The targeted size is US$ 175 mn.
Agri-Vie focuses on geographies and sector segments that were selected based on top down research and the team’s experience with Agri-Vie I. Out of the 48 countries in the region, the fund manager favours countries with a high growth, stable political environment and underserved consumer markets. As a consequence, the fund manager aims to invest up to 25% in South Africa and expects that next to this, Kenya, Tanzania, Uganda and Zambia will be the most important invested countries.
The Fund will provide equity finance to SMEs to finance expansion and productivity improvements.
Despite growing interest in East & Southern Africa as an investment destination (PE), the current penetration of PE is still very low in the region, about one tenth of that in developed countries.
The Fund invests in the food & agribusiness sector of the region, a sector that informally and formally employs more than 60% of the labour force, while food represents 60% of household expenditure in the region. Hence employment generation, rural development, food security and consumer choice all benefit from the Fund's investments.
All investees are required to sign the AV's ESG and impact protocol which commits the company and its management to the sustainability and social vision and policies of the fund. This includes a commitment to the internationally recognized social & environmental performance standards.