agRIF will invest in financial intermediaries in emerging economies (Africa, Asia, LAC Region, CEE-NIS), that enhance financial inclusion of smallholder farmers and rural micro-, small and medium sized entrepreneurs (MSMEs) in the agricultural value chain. It will provide an attractive financial return to investors. agRIF is a 10 year closed-ended mixed fund, that will make equity and debt investments. The average ticket size of the investments will be between 5-10 million USD.
agRIF capitalizes on the experience of its predecessor funds, Rural Impulse Fund I & II, the performance of which is in line or exceeding return and outcome targets. These funds reach out to 3.8 million clients, 68% of which are located in rural areas.
First Close Investors include the European Investment Bank (Luxembourg), Proparco (France), BIO (Belgium), SIFEM (Switzerland), Volksvermogen (Belgium), ACV-CSC Metea (Belgium), KBC Bank (Belgium), Bank für Kirche und Caritas (Germany), VDK Spaarbank (Belgium) and Incofin IM (Belgium). Most of these investors have invested in the predecessor funds and now return to invest in agRIF as they value the good returns and share Incofin IM’s commitment to increasing access to finance for the agriculture value chain.
agRIF is a Dutch investment vehicle. It will substantially expand its size in subsequent Closings until December 2016. Numerous expressions of interest have been received already.
Equity and debt investments in financial institutions with a rural or agri-portfolio