Climate-KIC Pathfinder Project Launches New Responsible Agriculture Fund

Clarmondial AG partners with Duff & Phelps (Luxembourg) Management Company S.A.R.L., Pictet Asset Services and Allen & Overy have launched a new fund that supports responsible agricultural practices in emerging markets.

An open-ended, AIFMD-compliant vehicle has been established in Luxembourg to serve as an affordable credit channel for agricultural producers committed to sustainable environmental and social practices. In particular, the fund seeks to benefit smallholder farmers in emerging and developing countries that operate to industry best practices.

This innovative fund has been developed using a demand-driven approach in partnership with strategic investors, corporates and farmers. As a scalable, commercial, fixed income product, the fund addresses the increasing agricultural value chain finance gap as well as investors’ demand for alternative products contributing to sustainable agriculture, food security, climate smart agriculture and smallholder finance.

The fund has been supported through the Climate-KIC Pathfinder fund, which aims to match supply side discoveries to demand side need.