Althelia Madagascar Sustainable Landscapes Fund
Last updated 12 May 2020, by Impactyield.
Emerging countries (256) / Africa (127) / Eastern Africa (50) / Madagascar (1)
The Althelia's Madagascar Sustainable Landscapes Fund makes investments in sustainable environmental activities which reduce deforestation, promote transition towards sustainable agriculture , and provide access to energy in Madagascar.
The fund focuses on 2 complementary set of activities to achieve landscape conservation, at scale:
Agroforestry and sustainable production, through the improvement of existing plantations (vanilla, cloves, cardamom etc.) by agroforestry techniques, improved logistics and direct route to markets, generating revenues from increased volumes and improved prices of certified commodities; and
Access to energy, by providing access to clean cooking and electricity, enabling reduction in deforestation (less slash and burn and firewood) and improvement of livelihoods, with revenues in the form of sale of power and sustainable, locally produced ethanol.
The fund is a 10 years closed ended fund, which deliver environmental, climate, social impacts in one of the most biodiversity-rich and economically-poor country in the World.
The Green Climate Fund approved on 14th October 2016 a US$35m cornerstone investment into the fund (see https://althelia.com/2016/10/14/press-release-madagascar-sustainable-lan...), paired with a USD18.5m granted by the GCF to Conservation International to support conservation activities in protected areas.
The Fund invests into medium-term loans in 2 sets of activities: sustainable agriculture and access to energy (both rural electrification and clean cooking). Overall, USD45m is to be invested in a portfolio of c.10 investments, balanced between agroforestry (55%) and access to energy (45%);
Capital is drawn down as required across a blended portfolio creating strong and predictable cashflows.
of track record
the year funded
Mirova Natural Capital
Headquarters location: Luxembourg
Other funds managed by this asset manager: Land Degradation Neutrality FundAlthelia Sustainable Ocean FundNature Conservation NotesAlthelia Climate Fund 1
Equal rights to ownership basic services technology and economic resources
Encourage companies to adopt sustainable practices and sustainability reporting
Increase financial resources to conserve and sustainably use ecosystem and biodiversity
Universal access to safe and nutritious food
Sustainable food production and resilient agricultural practices
Universal access to modern energy
Key performance indicators
Asset manager: Mirova Natural Capital
Product track record: Fund has 7 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - committed capital
Style/Stage: Growth Stage
Inception year: 2016
Vintage year: 2016
Target region: Africa, Eastern Africa, Emerging countries, Madagascar
Target close date: 01/01/2017
Product term: 10 years
Assets under management: 45,000,000 USD (US Dollar)
Investment size: Min: 0; Max: 0; Avg: 0
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 3
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: Green Climate Fund (GCF), represented by the European Investment Bank (EIB)
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Pension Funds
Phone number: +352 48 18 63
If you wish to have your details removed from this database please email email@example.com
Investment Director and Chief Technical Officer
Madagascar offers unparalleled opportunities for investing into conservation, sustainable production and clean infrastructure. In a country where ~80% of the population work in agriculture, and where rural electrification reaches only 5% of the population, appropriate and targeted investment can transform livelihoods and reverse long-term trends of environmental degradation.