Fund

Africa Food Security Fund (AFS)

Investor(s)

Company List

Currency

US Dollar

Committed Capital

USD120000000.000

Minimum Investment

USD2000000.000

MaximumInvestment

USD8000000.000

Investment Stage

Unknown

Note

The AFSF is the second fund managed by Zebu with vintage 2018 and target capitilization of US$120 million. The AFSF will follow a similar investment approach as the AAF SME Fund but with a larger investment size. It will make investments in food production and processing at the small to medium enterprise (SME) level throughout the African continent, particularly sub-Saharan Africa. Investment Criteria AFSF seeks to make investments in SMEs across the agricultural value chain that have funding needs between $2 million and $8 million. The businesses should: be among the top three players in niche markets/products. have management/founder teams with rich background in the sector. operate in markets/economies with favourable agricultural value chain policies and incentives. be high-growth companies with potential to extend beyond their niche products. be high-growth companies with potential for regional relevance. offer controlling positions in MBO transactions and significant minority in sponsor-led acquisitions.