Old Mutual launches $300mln African agrifund

Earlier this month, Old Mutual Investment Group announced the launch of an Africa-focused agricultural private equity fund which will make investments in African farmland (ex South Africa), agribusinesses as well as agricultural infrastructure and agricultural technology companies. Old Mutual is anchoring the fund with an initial $50 million commitment and is targeting a final close of $300 million within the next 3 years.

Old Mutual African Agriculture Fund I’s strategy will be to build an equity portfolio made up of 20 or so diversified agricultural assets which as well as providing investors with a solid financial return will also fulfill a number of ESG objectives and help economic development and empowerment in the regions in which they invest.

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