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Phatisa Food Fund 2 Parallel LLC

Region and countries in which the fund invests: Pan-African fund
Jurisdiction of registration: Mauritius
Business sector: Agriculture/Food
Signing date (month/year): 1/2021
Size of Finnfund’s financing (commitment): USD 15,000,000
Share of Finnfund’s financing: 10.4%
Environmental and social categorisation: FI-B
Names of companies financed by fund:

– Rolfes Holdings Limited / Food and agribusiness in South Africa
– Farming and Engineering Services Limited (FES) / Equipment and contracting solutions provider to the agricultural sector in Malawi

Regions and countries of companies financed by the fund: Africa / South Africa, Malawi
Business sectors of companies financed by the fund: Agriculture, food

In the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the final closing of the fund.

Brief description

Phatisa Food Fund 2 is a pan-African fund focusing on African agriculture and food value chain with a focus on inputs to food production, integrated food production and processing, food manufacturing and fast moving consumer goods and food service.

Main development impact

Phatisa is among the first signatories to the Operating Principles for Impact Management. Phatisa has prepared internal guidelines for Impact Measurement and Management System that follow the best international guidelines and seek to ensure that impact management and measurement are part and parcel of Phatisa’s investment process.

Phatisa has a commitment to environmental and social management and sees its contribution to improving the ES management of its investees as an important value add and development impact.