Mirova expands investor base for Sustainable Land Use strategy
Mirova seeks to back agricultural and forestry projects.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Mirova, the sustainable investment affiliate of Natixis Investment Managers, has added three new catalytic investors to its flagship Sustainable Land Use strategy: the UK Department for Environment, Food and Rural Affairs; Global Affairs Canada; and The Coca-Cola Foundation.
They join existing backers including Abeille Assurances, Allianz France, BNP Paribas Cardif, FMO, Proparco and the SDG Impact Finance Initiative.
Total capital raised for this second vintage now exceeds €100 million. Earlier this year, the Green Climate Fund approved €75 million in support, which is expected to be fully signed by the end of the year. The fundraising period remains open, with a target size of €350 million.
Mirova’s sustainable land use strategy combines public and concessional capital to reduce investment risk and attract larger volumes of private funding. Its layered structure allows a broad range of investors – from family offices to insurers – to participate in the natural capital sector. In light of increasing physical risks, particularly across food systems and supply chains, the strategy directs capital toward resilient, low-carbon agricultural and forestry projects.
Gautier Queru, managing director for natural capital at Mirova, commented: “As we approach COP30 and mark the 10th anniversary of both the Paris Agreement and Mirova’s natural capital expertise, the momentum behind our sustainable land use strategy reflects a growing recognition: nature-based solutions must be central to climate and biodiversity action. We are proud to help shape a robust asset class that channels capital toward ecosystem restoration and resilient value chains, particularly in regions most exposed to climate risks.”
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now