Mirova targets €350m for new strategy dedicated to sustainable land management
Mirova, the Natixis Investment Managers affiliate, has announced the final deployment of its Land Degradation Neutrality (LDN) fund and the launch of Mirova Sustainable Land Fund 2.
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Mirova, the Natixis Investment Managers affiliate, has announced the final deployment of its Land Degradation Neutrality (LDN) fund and the launch of Mirova Sustainable Land Fund 2 (MSLF2), its second strategy dedicated to sustainable land management, which aims to raise €350 million from public bodies and institutional investors. The new fund will support agroforestry, sustainable forestry, and regenerative agriculture projects in developing countries, while preserving and restoring nature and the climate.
Mirova announced the completion of the deployment of the Land Degradation Neutrality (LDN) fund through three final investments, two of them in Africa:
– $9.3 million in Koa, a Swiss-Ghanaian company that seeks to add value to the entire cocoa value chain in order to reduce food waste and provide local producers with additional income.
– $8.5 million in Pamoja, involved in macadamia nut production in Kenya and Tanzania.
The second-generation MSLF2 fund will be structured as a blended finance vehicle, combining public and private capital: the commitment of public funds aims to reduce risk and encourage investment from private investors.
”Building on the success of the LDN fund, which is reaching the end of its roll-out, we are proud to announce plans to launch our second-generation fund dedicated to sustainable land management. MSLF2 will be offered to public bodies and institutional investors keen to combine long-term financial performance with the transition of agricultural and forestry value chains. It fits perfectly with Mirova’s strategic objective to grow its investments in private assets, and in particular natural capital, through our dedicated platform,” says Anne-Laurence Roucher, deputy CEO, head of private equity and natural capital at Mirova.
”In an international regulatory framework that is encouraging companies and investors to take greater account of their impact on the climate and nature, this new fund dedicated to the restoration and protection of terrestrial ecosystems should enable investors to embrace the strong trend aimed at transforming the value chains most dependent on nature while targeting a financial return by drawing on Mirova’s proven experience in this area,” says Gautier Quéru, head of natural capital at Mirova.
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