IDB Invest Promotes Global Food Security Through Aqua Capital’s Sustainable Agri and Food Partnership
IDB Invest has committed an equity investment of up to $10 million in Aqua Capital’s Sustainable Agri & Food Partnership (Aqua Capital Fund III LP or the Fund). The Fund will be managed by Aqua Capital, a highly experienced fund manager dedicated to medium-sized food and agribusiness in LAC.
With a focus on sustainable and transformational businesses and emerging technologies, the Fund makes equity or equity linked investments across the value chain in the Agribusiness and Food industry, and is expected to contribute to global food security with at least 80% invested in Latin America and the Caribbean.
The Fund’s target size is around $400 million, it will support the sustainable growth of the companies, while encouraging the adoption of environmental sustainability practices, fostering cross-border expansion and promoting gender balance within the companies.
Consistent with its strong record, the Fund Manager will promote digitalization, sustainability, climate change mitigation, regional integration and knowledge sharing in the Agribusiness and Food industry, by combining equity investment and strategic expertise to boost portfolio companies’ local and international expansion and to increase operational efficiencies.
IDB Invest will provide advisory services aimed at sharing knowledge and building capacity within the Fund and its portfolio companies to incorporate key climate and sustainability actions into their day-to-day business.
This deal is expected to contribute to five United Nations Sustainable Development Goals (SDGs): Zero hunger (SDG 2), Gender equality (SDG 5), Decent work and economic growth (SDG 8), Industry, innovation and infrastructure (SDG 9), and Responsible consumption and production (SDG 12)
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $14.1 billion in asset management and 325 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
About Aqua Capital
Aqua Capital is a private equity firm that manages investments in innovating, transformational, and sustainable businesses across the Ag & Food value chain throughout the Americas. Aqua Capital is a leader in its field, considering their industry and regional focus in LAC, with a boots on-the-ground experienced team, a strong network in the region and a solid track record.