Fund vehicle
Phatisa African Agriculture Fund
The African Agriculture Fund (AAF), managed by Phatisa, is a private equity vehicle dedicated to making investments across the African food value chain, serving as the predecessor to Phatisa Food Fund 2 and 3. Its purpose was to drive development impact and commercial returns by providing growth capital and strategic expertise to agricultural businesses, particularly those related to food production, processing, inputs (e.g., fertiliser), and distribution. Launched in 2011, the fund made approximately nine investments across various disciplines in countries across Sub-Saharan Africa, with a focus on delivering sustainable food systems and alleviating poverty. The AAF has completed its investment phase and is largely in the exit/harvest mode.
- Manager
- Phatisa Group Limited
- Vintage
- 2011
- Strategy
- Private Equity
- Target size
- $250m
- Size
- $243m
- Status
- Fully Invested
Disclosed limited partners
- Agence Francaise de Developpement (AFD)
- Agencia Española de Cooperación Internacional para el Desarrollo (AECID)
- Banque Ouest Africaine de Développement (BOAD)
- Development Bank of Southern Africa (DBSA)
- ECOWAS Bank for Investment and Development (EBID)
- International Fund For Agricultural Development (IFAD)
- Proparco
- The African Development Bank Group (AfDB)
- The United States International Development Finance Corporation (DFC)
Sources
- Partner Researchers, accessed 14 November 2026