Impact investor responsAbility has secured funding for its Climate Smart Food Systems Fund from Global Affairs Canada (USD 36.8mn), FMO, IFU (USD 15mn), Visa Foundation, Calvert Impact Capital, Bank of America and Ceniarth.
The fund aims to provide long-term financing to agribusinesses in Africa, Latin America and Asia Pacific to reduce food loss and promote climate-change resilience in their value chains.
The private debt strategy was launched by responsAbility, CGIAR*, KFW (which acted as an anchor investor) and DFC (which acted as a guarantee provider).
The total raised for the private debt fund is USD 106mn.
CGIAR is the Consultative Group for International Agricultural Research.