Emergent Asset Management launched the African Agricultural Land Fund in August 2008, with a second closing to take place in September 2008. The fund has raised almost €2 billion already ($2.9 billion), and wants to raise a total of €3 billion and is canvassing a range of investors. Minimum investment size is €500,000 for private investors and €5m for institutional investors.
The African Land Fund will offer investors the opportunity to participate in the growing Sub-Saharan agricultural sector. It will apply modern management disciplines and introduce improved farmland techniques to increase crop yields and investment returns.
Initially, the investment focus will be in South Africa. The portfolio will be expanded within Africa to include (but not limited to) countries such as Botswana, Zambia, Mozambique, Swaziland and the DRC.
Emergent has partnered with Grainvest, a firm of professional agricultural traders and one of the top five participants on the South African Securities Exchange, involved in agriculture locally, including farming, manufacturing, and transport and trading.
The Fund’s targeted return is 25% pa and will be denominated in Euros.
The Fund qualifies as a socially responsible Investment in keeping with the co-managers’ investment philosophy, endeavouring to make a positive contribution to the well-being of the local community.
1 comment:
Interesting news concerning the African Agricultural Land Fund and to see the large sums it is attracting. This is typical of socially responsible investing these days, as more and more investors take notice of what it can offer. That is, the opportunity for good returns and for the social good.
I've been following ethical/socially responsible investing for some forty years and have a site that might interest some of your readers. It covers the latest global news and research on the subject. It's at www.investingforthesoul.com
Best wishes, Ron Robins
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