ARCH EM’s Cold Chain Solutions fund lands another LP

Image Credit: Pixabay

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.


To read this article, you must be a paid subscription member. (Current members login here)


Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at] today.