$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.