Wednesday
August 28
2019

$40M Palladium Impact Fund to Focus on Agribusiness, Off-Grid Clean Energy

A $40-million fund launched last week by Australia-based global impact firm Palladium aims to invest in agribusiness value chains and off-grid clean energy ventures in Ghana, Kenya and Nigeria.

The fund — the Palladium Impact Fund I — will provide debt and quasi-equity investments and aims to make its first close later this year.

Palladium said in a statement last Thursday (22 August), that it will manage the fund which is anchored by $5-million investment of its own capital.

Investors of the fund will include foundations, family offices, pension funds and institutional investors.

Photo courtesy of Neil Palmer.

Source: Ventureburn (link opens in a new window)

Categories
Agriculture, Energy, Investing
Tags
agribusiness, emerging markets, impact investing, Off Grid Energy