Swedfund backs ARAF II with $12m commitment
ARAF II is an impact fund that invests in fast growing agri and food companies.
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Swedfund, Sweden’s development finance institution, has invested $12 million in the Acumen Resilient Agriculture Fund II (ARAF II).
ARAF II is an impact fund that invests in fast growing agri and food companies with business models that help African smallholder farmers become more resilient to climate change. ARAF is managed by Acumen Capital Partners, a wholly owned subsidiary of Acumen.
“Climate change is already affecting the livelihoods of millions of smallholder farmers across Africa. Investing in businesses that improve access to markets, finance and agricultural services helps farmers strengthen their resilience, increase productivity and build more stable incomes. That is essential for more resilient food systems,” says Helen Hagos, investment director for food systems and strategic investments at Swedfund.
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