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
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