Phatisa raises technical assistance funding

Private equity firm Phatisa has successfully raised $1 million of technical assistance funding (TAF) to deploy alongside its Phatisa Food Fund 2 (PFF2) portfolio companies.

The firm said in a statement, ”We are deeply grateful to the TAF donors – BII, Norfund, BIO and FinDev Canada – all of whom are existing investors in PFF2. This facility will be used to fund projects that unlock additional positive impacts, as we deliver commercial value. After all, we believe that financial performance and impact are not mutually exclusive – rather, mutually beneficial.

”On the back of this success – led by our head of sustainability, Gwendolyn Zorn, we are merging our ESG, Impact, and TAF functions under a single sustainability ‘umbrella’. In this vein, Gwendolyn has been joined by Anja Cawood (senior sustainability manager) and Isabella Schmid (sustainability analyst), as we all continue to deliver more than capital both internally and in our external networks.”