Company name
Aqua Capital Agribusiness Fund
Project number
13854-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Regional
Sector
N/A
Status
In implementation
Disclosed date
03/01/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/12/2022
Approval date
07/12/2022
Signed date
08/02/2022
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
The project consists of an investment of up to US$10 million in Aqua Capital Fund III (the “Fund”), a fund with equity or equity-linked instruments positions across the value chain in the agribusiness and food industry, with a focus on sustainable and transformational businesses, and a regional geographic scope including the Americas, with at least 80% invested in LAC, and Brazil potentially representing 50% of the overall allocation. The Fund will be managed by Aqua Capital (the “Fund Manager”) and has a target size of US$400 million and a term of 10 years, with a possible extension of two years. The current pipeline includes over 30 target companies, and the focus will be of Buy&Build and growth equity investments, which is consistent with the investment strategy that made Aqua Capital a reference private equity (PE) firm for Agribusiness & Food in the region. The Fund will promote digitalization, sustainability, climate change mitigation and regional integration in the Ag & Food Industry, by combining equity investment and strategic expertise to boost portfolio companies’ local and international expansion and to increase their operational efficiency; ultimately it will also foster job creation and impact on local communities and small farmers.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
AQUA CAPITAL FUND III - 13854-01 - ESRS
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