The formal appointment of Phatisa as Fund Manager in July 2009 launched the African Agriculture Fund (AAF) into the market. A coordinated response from a pool of European and African development finance institutions, this private equity fund is powerful and sizeable enough to make a positive impact on African agriculture and food production, through a truly pan-African investment approach in response to the continent’s food security.
The Fund reached final close at US$ 151 million in November 2010, operations commenced in January 2011 and within six months the team, set the investment pace by concluding the AAF’s first investment in Sierra Leone, West Africa.
The Phatisa fundraising team, led by Joint Managing Partner, Stuart Bradley, pulled out all the stops to conclude final close in mid 2013 at
US$ 246 million, backed by an impressive pool of multinational limited partners.