Agriculture, Agribusiness & Agtech

Amwal Capital Partners has introduced the ACP Shariah Financing Fund, a $150 million private credit vehicle designed to offer Shariah-compliant financing solutions to small and medium-sized enterprises (SMEs) within the Gulf Cooperation Council (GCC) region. This initiative aims to bridge the significant $250 billion SME credit gap by providing ethical, asset-backed capital to businesses that are often underserved by traditional banking institutions. The fund's strategy emphasizes direct lending to emerging companies, particularly those with tech-enabled platforms requiring flexible financing structures. Over its five-year term, the fund plans to execute 12 to 15 transactions, focusing on sectors such as logistics, vehicle leasing, and FinTech. Initial investments include ventures in the tourism and agricultural food trade industries, reflecting the fund's commitment to supporting sectors vital to regional economic growth. By adhering strictly to Islamic finance principles, the ACP Shariah Financing Fund ensures that all investments are structured to avoid interest-based income and excessive uncertainty, aligning with ethical investment practices. This approach not only meets the growing demand for Shariah-compliant financial products but also offers investors exposure to high-yield opportunities uncorrelated with public markets.

AXA IM Alts' natural capital and impact investment strategy targets protection, restoration, and sustainable management of ecosystems through project financing of nature-based initiatives (reforestation, carbon credits, biodiversity) and equity in natural capital companies. Launched in late 2022 with over $560 million in commitments from IFC, Proparco, and DEG by November 2025.

Adenia Capital (V) LP is a closed-end private equity fund managed by Adenia Partners Ltd, a pan-African investment firm with seven offices across the continent and a 20-year track record of mid-market private equity in Africa. The fund marks a significant milestone in Adenia's history as the firm's first fully pan-African vehicle, expanding beyond its historic focus on select sub-Saharan markets to invest across the entire African continent. Fundraising launched in early 2022 and reached a first close of USD 300 million in January 2023, exceeding 75% of the USD 400 million initial target. The fund closed on April 4, 2024 at its hard cap of USD 470 million, significantly oversubscribed. Adenia Capital (V) LP targets between 10 and 12 control investments in medium-sized companies with proven business models, with a median deal size of USD 30-50 million. The fund integrates ESG criteria and has been designated a 2X Flagship Fund for its commitment to gender equality, and commits to setting carbon reduction targets for all portfolio companies over their investment lifecycle. The fund attracted a diverse consortium of development finance institutions and institutional investors, including the European Investment Bank (EIB), FMO, Proparco, Norfund, FinDev Canada, the US International Development Finance Corporation (DFC), the South African Public Investment Corporation (PIC), and pension funds from Kenya and Ghana. Target sectors include financial services, agribusiness, renewable energy, consumer goods, telecommunications, healthcare, education, business services, light manufacturing, and specialty distribution.

Adenia Capital (V) LP is a closed-end private equity fund managed by Adenia Partners Ltd, a pan-African investment firm with seven offices across the continent and a 20-year track record of mid-market private equity in Africa. The fund marks a significant milestone in Adenia's history as the firm's first fully pan-African vehicle, expanding beyond its historic focus on select sub-Saharan markets to invest across the entire African continent. Fundraising launched in early 2022 and reached a first close of USD 300 million in January 2023, exceeding 75% of the USD 400 million initial target. The fund closed on April 4, 2024 at its hard cap of USD 470 million, significantly oversubscribed. Adenia Capital (V) LP targets between 10 and 12 control investments in medium-sized companies with proven business models, with a median deal size of USD 30-50 million. The fund integrates ESG criteria and has been designated a 2X Flagship Fund for its commitment to gender equality, and commits to setting carbon reduction targets for all portfolio companies over their investment lifecycle. The fund attracted a diverse consortium of development finance institutions and institutional investors, including the European Investment Bank (EIB), FMO, Proparco, Norfund, FinDev Canada, the US International Development Finance Corporation (DFC), the South African Public Investment Corporation (PIC), and pension funds from Kenya and Ghana. Target sectors include financial services, agribusiness, renewable energy, consumer goods, telecommunications, healthcare, education, business services, light manufacturing, and specialty distribution.

Allianz Credit Emerging Markets (ACE) Fund is a blended finance private debt strategy managed by Allianz Global Investors (AllianzGI), one of the world's largest active asset managers with more than EUR 530 billion in assets under management. The fund represents AllianzGI's fifth blended finance initiative and combines concessional capital from development finance institutions with institutional private capital to mobilize large-scale investment in support of the Paris Agreement and the United Nations Sustainable Development Goals (SDGs). The fund reached a first close of USD 690 million on January 20, 2026, with Allianz SE and Swiss pension fund GastroSocial Pensionskasse serving as anchor investors for the senior tranche. The junior tranche attracted commitments from British International Investment (BII), Global Affairs Canada, the Inter-American Development Bank Invest (IDB Invest), the Swedish International Development Cooperation Agency (SIDA), and Impact Fund Denmark. AllianzGI is targeting a final close at USD 1 billion. The ACE Fund invests in a diversified portfolio of private debt instruments across low-carbon sectors in emerging markets, focusing on clean energy, smart agriculture, sustainable infrastructure, financial institutions serving underserved communities, and certain manufacturing activities. The fund's geographic mandate spans Africa, Latin America and the Caribbean, and Asia Pacific. The blended finance structure features tiered tranches with differentiated risk-return profiles, enabling institutional investors to participate in emerging market private credit at adjusted risk levels while unlocking capital for climate-critical infrastructure projects in regions underserved by traditional institutional investment flows.

The Altree Kadzi Gender Climate Fund (AKGCF) is a blended-finance impact fund managed by Altree Capital Ltd., an Africa-focused asset management firm founded in 2006 with offices in Bermuda, the United Kingdom, South Africa, and Kenya. Launched in 2023 with a fundraising target of between US$50 million and US$80 million, the fund is currently deploying capital via a special-purpose vehicle while the formal fund raise continues. Its mandate addresses twin structural funding gaps in African capital markets: the systemic underrepresentation of women-led enterprises in private investment flows, and the acute underfunding of climate adaptation solutions across Sub-Saharan Africa. The investment thesis integrates a gender-lens with a climate-smart mandate. All portfolio companies must meet at least two of the 2X Challenge criteria — a globally recognised gender-finance standard — and the fund targets a portfolio where at minimum 40% of investments address women's health and at least 60% address climate adaptation or mitigation. Altree Capital became the ninth private-sector investor to formally participate in the 2X Challenge (2024–2027 cycle). The fund deploys capital through multiple instruments — equity, debt, mezzanine finance, convertible notes, and revenue-based financing — to accommodate the diverse capital needs of early- to growth-stage enterprises across Sub-Saharan Africa. Target sectors span electric vehicles and green mobility, clean technology, renewable energy, regenerative agriculture, women's health, food waste prevention, water infrastructure, and green logistics. As of the most recent reporting period, the fund has backed five portfolio companies: Wahu! Mobility, a women-founded electric vehicle operator in Ghana and Togo that has reduced 272,761 kg of CO2 and achieved 120% year-on-year revenue growth while generating carbon credits sold to Switzerland's KliK Foundation; Kasha, a women's health e-commerce platform in East Africa; Uncover Skincare; Burton and Bamber, a food waste prevention company; and Nature's Nectar. The fund has received first-loss and grant capital from the Climate Gender Equity Fund, a USAID-anchored public-private partnership that includes Amazon, Reckitt, the Skoll Foundation, The UPS Foundation, and the Visa Foundation. The AKGCF was selected as a finalist in the 2023 Global Innovation Lab for Climate Finance, and fund CEO Jenni Chamberlain has been named to the Africa AM Power 50 in consecutive years.

Amethis, the pan-African private equity firm co-founded by Luc Rigouzzo and Laurent Demey, completed the final close of its third flagship fund on 15 January 2026, raising EUR 406 million in line with its target. The fund is structured as a Luxembourg SICAV-RAIF (Amethis Fund III S.C.A., SICAV-RAIF), qualifies as an Article 9 fund under SFDR — the highest European sustainability classification — and is managed by Amethis Investment Fund Manager S.A. The platform's total assets under management exceed EUR 1.4 billion across all vehicles. The LP base includes prominent development finance institutions: the European Investment Bank (EIB), International Finance Corporation (IFC), Bpifrance, British International Investment (BII), and KfW DEG, alongside qualified private investors representing more than 40% of total commitments. Amethis Fund III is the third vintage of the firm's flagship pan-African strategy, building on the proven track record of prior funds. The vehicle targets approximately ten investments in African small and mid-sized companies, deploying equity tickets of EUR 25 to EUR 40 million per company across majority and minority stake structures. Target sectors include manufacturing and distribution (including agribusiness), business services and logistics, technology and digital services, healthcare, and infrastructure and energy-related services. Each investment must demonstrate a clear impact orientation, with fund compensation directly tied to ESG-linked carry objectives measuring improvements in employment quality, gender equality, environmental performance, and governance standards. Fund deployment was well advanced at the time of final close, with four investments already signed or closed and one additional transaction under exclusivity — a strong early deployment rate reflecting the quality of Amethis's deal pipeline and sector expertise built over fifteen years of investing across the African continent. The fund's Article 9 classification and ESG-linked carry mechanism represent the culmination of Amethis's long-standing commitment to responsible, long-term investment generating both financial returns and measurable positive impact for African businesses and communities.

Amethis, the pan-African and MENA-focused private equity firm, completed the final close of Amethis MENA Fund II S.C.A., SICAV-RAIF on 31 August 2022, raising EUR 120 million in line with its target. The fund is the second vehicle in Amethis's MENA franchise and the firm's fifth fund in total, structured as a Luxembourg reserved alternative investment fund and classified as an Article 9 vehicle under SFDR. The LP base reflects Amethis's deep relationships with development finance institutions and impact-oriented investors: the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), Proparco/FISEA, the International Finance Corporation (IFC), Bpifrance, and British International Investment (BII), alongside qualified private investors representing more than 40% of total commitments. The fund focuses on fast-growing small-to-medium-sized enterprises in Morocco, Egypt, Tunisia, and Jordan, taking both majority and minority equity stakes with ticket sizes ranging from EUR 5 million to EUR 15 million per company. Amethis's investment thesis in the MENA region emphasises businesses benefiting from demographic tailwinds and the structural formalisation of SME sectors across North Africa and the Levant. Target sectors include manufacturing and agribusiness distribution, business services and technology, and financial services. The fund embeds a commitment to the 2X Challenge criteria for women's economic empowerment directly into investment selection and portfolio monitoring, making gender equality a core performance metric alongside financial returns. Early portfolio investments include Magriser, a leading micro-irrigation distribution company, and Tarjama, a language technology services platform — illustrating the fund's dual focus on economic inclusion and operational value creation in MENA's underserved SME segment. The fund's Article 9 classification and DFI-anchored LP base reflect Amethis's position as one of the most credible and experienced impact-oriented private equity managers in the Africa and MENA region, with total AUM approaching USD 1 billion across the full platform.

Ara Fund III will continue Ara's strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Leveraging significant technical and operations expertise, the fund will pursue both buyout and growth investments in industrial companies primarily headquartered in the United States, Canada and Europe that have the potential to achieve reductions in carbon emissions across sectors, including industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture. Ara's predecessor fund, Ara Fund II, closed in September 2021 at approximately $1.1 billion, above its $650 million target. Ara has total assets under management of approximately $5.6 billion. As of December 2013, Ara Fund III has already completed four investments: Vacuumschmelze, a leading global producer of advanced magnetic materials and the largest producer of rare earth permanent magnets in the Western Hemisphere; Genera, a sustainable pulp and packaging producer; CFP Energy, which provides market-facing solutions in environmental and green energy products to industrial customers across Europe; and CycleØ, a fully integrated developer of distributed biomethane facilities.

The EV II fund is a 70m€ Venture Capital fund that invests in innovative companies in Series A & B stage. The fund has a focus on Fintech and Beyond Banking sectors, including financial technology, RegTech, cybersecurity, mobility, energy, agriculture, and more. The fund targets investments in Central and Eastern Europe, which is an emerging startup ecosystem with amazing talent and founders but lacks the attention and funding resources of more mature regions. The fund has a commitment from RBI, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark, and has previously invested in a portfolio of 15 companies, including investment banking, e-signature & identification, and RegTech companies, among others. The main goal of Elevator Ventures is to earn a financial return for its investors. In addition, they want to contribute to the strategy of the banks and engage with high-growth companies whose business models might be changing the industry dynamics in the mid- to long term. The fund also cooperates with international co-investors and has decided to invest in a Fund of Funds and other VC funds alongside Raiffeisen-Landesbank Steiermark, and Raiffeisenlandesbank Oberösterreich. The fund also believes in the transformative power of technological shifts that enable high-growth companies to drive customer value and reshape industries. They are driven by a sector focus that encompasses not only Fintech but also Beyond Banking, which includes platform-based business approaches in various service areas. Elevator Ventures also plans to continue to promote innovation in the region with the backing of its LP base.

The GAIA Climate Loan Fund is a pioneering blended‑finance vehicle designed to deliver long‑dated credit to public and quasi‑public entities in 19 emerging market countries, with a particular emphasis on climate adaptation. Anchored by leading institutions including MUFG Bank, FinDev Canada and the Green Climate Fund, the platform combines concessional capital with private sector funding to mobilise substantial private credit for resilience outcomes. Targeting a first close of USD 600 million (with a final size up to USD 1.48 billion), GAIA allocates at least 70% of its portfolio to adaptation activities — such as water management, climate‑resilient agriculture, ecosystem protection and climate‑smart infrastructure — while up to 30% may support mitigation investments in renewable energy and low‑emission transport. A minimum of 25% of commitments is reserved for Least Developed Countries and Small Island Developing States, ensuring the most climate‑vulnerable markets are reached. The structure features tiered capital: a junior concessional tranche absorbs early risk, a senior debt component opens access for institutional lenders, and a dedicated currency hedging facility and technical assistance facility support project preparation and mitigate currency and execution risk. By aligning development goals with market discipline, GAIA aims to unlock private capital that has historically shunned adaptation finance due to sovereign, currency and long‑tenor risks. Ultimately, GAIA aspires to benefit 19 million people, create more than 11,000 jobs, avoid roughly 30 million tonnes of CO₂, deliver about 700 MW of renewable‑energy capacity and generate about 36,000 GWh of clean energy annually. Through its innovative blended model the fund seeks to deepen climate‑finance flow into emerging markets and demonstrate a scalable path to resilience‑infrastructure funding.

The Libra Hybrid Capital Fund is a private credit vehicle launched by Granite Asia, a Singapore-based multi-asset investment platform. The fund has secured over US$250 million in anchor commitments from leading Asian sovereign wealth funds, general partners, and a network of founders and entrepreneurs. With a target size of US$500 million, the fund aims to provide non-dilutive capital to mid-market companies across the Asia-Pacific region. Libra focuses on offering secured loans with a defensive risk profile, targeting established businesses that are profitable or have positive cash flow. These companies span various sectors, including those undergoing digital transformation or pursuing growth through acquisitions. The fund leverages Granite Asia's technology ecosystem and operational expertise to deliver stable cash yields and enhanced returns. Managed by partners Ming Eng and Roger Zhang, the fund is part of Granite Asia's broader strategy to support a diverse range of businesses that form the backbone of Asia's economy. By providing flexible, non-dilutive financing solutions, Libra aims to bridge funding gaps for companies scaling within and across the region.

The Mastercard Foundation Africa Growth Fund is a $200 million Fund-of-Funds initiative that supports African-owned and African-led investment vehicles. These vehicles finance early-stage and growth-oriented small and medium-sized enterprises (SMEs) with the aim of fostering inclusive economic development across sub-Saharan Africa. The Fund is deeply focused on enabling dignified and fulfilling work opportunities for young people, especially young women. It accomplishes this by de-risking and strengthening impact investment vehicles that are committed to gender equity and social inclusion. Since its launch in 2022, the Fund has backed 18 investment vehicles operating in 12 African countries, facilitating financing for 49 SMEs and creating more than 2,500 full-time jobs—over 1,100 of which are held by women. Through this structure, the Fund not only boosts access to capital for underrepresented entrepreneurs but also builds the long-term capacity of Africa’s investment ecosystem.

New Agriculture, a division of New Forests Asset Management, has introduced the New Agriculture Landscapes Strategy, aiming to raise A$750 million (approximately €420 million). This 12-year closed-end fund is designed to invest in sustainable agricultural assets across Australia and New Zealand, focusing on integrating natural vegetation, agriculture, and forestry into cohesive operational landscapes. The strategy targets sectors such as rainfed and irrigated row cropping, horticulture, livestock, and related agricultural infrastructure. By optimizing land use, the fund seeks to enhance yields, diversify revenue streams, and increase asset values. Additionally, it aims to tap into environmental markets, including carbon credits, biodiversity, renewable energy, and conservation covenants. With a targeted internal rate of return (IRR) of 9% to 12%, the fund appeals to institutional investors seeking consistent returns coupled with impactful environmental outcomes. New Agriculture's approach aligns with the growing demand for sustainable food and fiber production, positioning itself at the forefront of regenerative agricultural practices.

The Eurazeo Planetary Boundaries Fund 1 (EPBF) is a next-generation impact buyout vehicle focused on companies that contribute to restoring or adapting to Earth’s critical environmental limits, as defined by the planetary boundaries framework. Launched with a target of €750 million, the fund invests in small to mid-market companies offering scalable solutions in areas like circular economy, biodiversity, low-carbon energy, and sustainable agriculture. EPBF integrates scientific guidance and measurable impact KPIs into its investment strategy, aligning financial success with environmental progress. Managed by Eurazeo partners Erwann Le Ligné and Wilfried Piskula, the fund is backed by a high-level advisory board with experts from science, policy, and industry. Its first investment is in Bioline AgroSciences, a leader in natural pest control, marking a strong commitment to eco-positive innovation.

The Radical Fund is an early-stage venture capital firm dedicated to supporting Southeast Asia's transition to a more resilient future. With a target fund size of $40 million, it invests in startups that address climate change through both adaptation and mitigation strategies. The fund focuses on pre-seed, seed, and pre-Series A stages, providing not only capital but also operational and technical assistance to its portfolio companies. Recognizing the unique challenges faced by Southeast Asian countries, The Radical Fund prioritizes solutions tailored to the region's specific needs. It seeks out ventures that may not traditionally be classified as climate tech but have the potential to make significant environmental impacts. This includes sectors like agriculture, food, circular economy, financial services, mobility, and logistics. The fund is part of the Utopia Capital Management group, which has supported over 130 early-stage startups in emerging markets. The Radical Fund's team is based in Bangkok and Singapore, with plans to expand in the Philippines, Vietnam, and Indonesia. Its mission is to build an ecosystem of climate-oriented companies that deliver both commercial returns and measurable climate impact.

The TIDE Africa Fund II of TLcom Capital has a target investment of $154 million in seed and Series A companies, making it Africa's largest investor across these stages. It attracted participation from over 20 limited partners, including notable investors such as the European Investment Bank (EIB), Visa Foundation, Bertelsmann, and AfricaGrow, a joint venture between Allianz and DEG Impact. TLcom Capital focuses on traditional sectors like fintech, mobility, agriculture, healthcare, education, and commerce, prioritizing early-stage opportunities, particularly at the seed and Series A stages, while also considering opportunistic deals at growth and later stages. It generally backs 20 to 25 companies, aiming for 10x to 20x returns on potential investments and expects to achieve 3x to 4x returns on an aggregate basis. The fund is also improving its risk by backing repeat founders, like Sim Shagaya, Etop Ikpe, and Grant Brooke, as well as investing earlier in deals and women-led startups through FirstCheck Africa. As of April 2024, TLcom has backed six companies from its new fund, with initial investments ranging from $1 million to $3 million, and aims to target the Big Four markets, adding Egypt and South Africa as destinations of its capital. By doing so, TLcom expects to achieve tangible returns and drive the overall growth of the African tech ecosystem. The fund will invest between USD 500 000 as the minimum initial investment in seed stage opportunities, to USD 15 million over the life cycle of the investment, with an expected average of around USD 7-9 million per successful company.From the USD 5 million, 2 million will be dedicated to female entrepreneurs through a co-investment agreement with First Check Africa. It is a 10-year life Fund of which 5 years investment and 5 years divestment period which can be extended by 1 year each.

TLG Africa Growth Impact Fund II (AGIF II) is a $200 million private credit fund managed by TLG Capital, established to address the financing gap faced by African SMEs. With a strategic focus on supporting businesses that are financially viable but currently under strain, the fund aims to unlock their growth potential through tailored credit solutions and advisory support. The fund reached its first close at $75 million, backed by a consortium of international development finance institutions. Anchor commitments came from the International Finance Corporation (IFC), alongside Swedfund, Norfund, Bpifrance, and the UK’s Foreign, Commonwealth & Development Office (FCDO), through its Manufacturing Africa program. This collective backing reflects confidence in the fund’s approach and impact-oriented strategy. AGIF II works closely with local financial institutions to co-finance SMEs, often leveraging guarantees from local banks to reduce investment risk. This collaboration ensures capital reaches underserved yet promising companies, enabling them to restructure debt, expand operations, and maintain employment during challenging macroeconomic conditions. In addition to financial support, AGIF II offers value-added strategic and operational advisory services. The fund partners with leading advisory firms such as McKinsey, BDO, ESS, and Ndarama Works to help portfolio companies transform their business models and strengthen resilience. This dual approach of capital and capacity-building is central to AGIF II’s impact thesis. The fund prioritizes inclusive and sustainable development by focusing on investments in the UN’s least developed countries, promoting gender equity, local ownership, and industrialization. AGIF II embodies a strong belief in achieving competitive financial returns while delivering meaningful development outcomes.

Building on the success of its predecessors, TPG Rise Fund IV aims to invest in growth-stage, high-potential, mission-driven companies that align with the United Nations Sustainable Development Goals (UN SDGs). The fund focuses on sectors where positive impact and financial performance are intrinsically linked. Utilizing the proprietary Impact Multiple of Money (IMM) framework developed by Y Analytics, TPG Rise Fund IV seeks to quantify the social and environmental impact of its investments. This methodology ensures that each investment delivers measurable outcomes, such as increased access to education, healthcare, and financial services, or significant reductions in greenhouse gas emissions. The fund is expected to continue TPG's strategy of partnering with companies that offer scalable solutions to global challenges, leveraging the firm's deep sector knowledge, operational resources, and global experience to drive value creation and help companies reach their full potential.

Vision Ridge Partners Sustainable Asset Fund IV is a $2.5 billion private equity vehicle focused on accelerating the global transition to sustainability. The fund targets real assets in energy, transportation, and agriculture—sectors responsible for over 80% of global greenhouse gas emissions. By investing in and transforming complex assets, Vision Ridge aims to deliver both strong financial returns and measurable environmental impact. The fund plans to make 10 to 14 privately negotiated equity or equity-related investments, typically involving direct ownership of underlying assets. This approach allows Vision Ridge to actively manage and enhance these assets, preparing them for eventual sale to larger buyers, primarily infrastructure funds. The firm emphasizes climate change mitigation and adaptation, tracking metrics such as avoided greenhouse gas emissions, water conservation, and energy efficiency improvements. With a target net internal rate of return (IRR) of 15–20% and a 10-year term, Fund IV is designed for investors seeking long-term growth through sustainable investments. The fund has attracted commitments from notable institutional investors, including a $150 million allocation from the New York State Common Retirement Fund and $80 million from the San Francisco Employees Retirement System. Vision Ridge's strong track record and diversified, multi-sector strategy position Fund IV to capitalize on the growing demand for sustainable infrastructure.