Fund vehicle

Africa Agriculture SME Fund (AAF-SME)

Compiled from public sources

The Africa Agriculture SME Fund (AAF-SME) is a private equity impact investment vehicle established to target food-producing and food-processing small and medium-sized enterprises (SMEs) across Sub-Saharan Africa. Formed as a dedicated sub-fund of the primary African Agriculture Fund (AAF), AAF-SME provides growth equity and mezzanine capital to early-stage and growth-stage companies operating across the agri-food value chain. The vehicle was managed by Databank Agrifund Manager Limited (DAFML, which subsequently evolved into Zebu Investment Partners) and complemented by the Technical Assistance Facility (TAF) to support outgrower networks and strengthen portfolio company capacity. Having deployed its capital across 8 primary investments, the fund is now fully invested and in harvest mode.

Manager

Zebu Investment Partners

Vintage

2012

Strategy

Impact Fund

Target size

$80m

Size

$36m

Status

Fully Invested