Switzerland-based responsAbility Investments recently disbursed the first investment from its private equity fund responsAbility Agriculture I, acquiring a “significant” minority stake in Samunnati, a non-banking financial company in India that provides loans and advisory services to players in agricultural value chains. Although the price and size of the stake remain confidential, responsAbility Agriculture I generally places investments of USD 5 million to USD 25 million.
Launched in 2014, Samunnati has issued USD 80 million in “cash-flow based lending” over the past two years to 250 agricultural organizations in 10 Indian states.
In 2017, ResponsAbility Agriculture I raised USD 50 million in its first close. ResponsAbility Investments, which manages assets valued at USD 3 billion, invests debt and equity in “the agriculture, energy and finance sector[s] of emerging economies.”
Sources and Additional Resources
ResponsAbility press release
https://www.responsability.com/en/responsability-managed-agriculture-equity-fund-makes-first-investment
ResponsAbility Agriculture I
https://www.responsability.com/sites/default/files/2017-05/2-P_Agricult_I_SLP_2017_Rel%204.pdf
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.
Similar Posts:
- MICROCAPITAL BRIEF: ResponsAbility Invests $40m in Equity in eFishery of Indonesia for Technology Helping Fish, Shrimp Farmers with Feeding, Water Quality, Documenting Sustainable Practices, Market Linkages
- MICROCAPITAL BRIEF: Annapurna Finance Borrowing $25m from responsAbility to Boost Renewable Energy, Energy-efficiency in India
- MICROFINANCE EVENT: Climate Investment Summit; June 28, 2023; London, UK
- MICROCAPITAL BRIEF: Money Fellows of Egypt Borrowing $2.2m from Symbiotics to Support Digital ROSCAs
- MICROCAPITAL BRIEF: David Grimaud Named CEO of Palladium Group’s Bamboo Capital Partners