ARCH EM’s Cold Chain Solutions fund lands another LP

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ARCH Emerging Markets Partners‘ Cold Chain Solutions East African Fund has added another development finance institution to its roster of LPs. Last week, the Board of the African Development Bank approved an investment of $10 million in the fund, helping it close in on its target of $100 million in time for its final close which is expected to take place by April next year. The fund held its first close in November 2019, garnering commitments totaling $30 million from the investment institutions participating.

The Cold Chain Solutions East African Fund (or CCSEAF) strategy is to develop as many as eight cold chain operations in partnership with conglomerates. The fund will make equity or quasi-equity investments and build a portfolio of greenfield assets that are critical to the operation of temperature-controlled supply chains. These might include businesses that provide storage, distribution, and other related services that provide suppliers with the ability to store and transport perishable produce at a given temperature. These businesses contribute significantly to minimizing post-harvest loss or spoilage of agricultural products and vaccines or other medicine-related supplies.

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