Aventura Rural Enterprise Fund


Last updated 13 May 2020, by Impactyield.

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Aventura Rural Enterprise Fund targets venture stage “impact” investments in high-potential agricultural zones. The fund’s objective is to dramatically increase food production and rural employment in Africa by expanding and stabilizing the food-system value chain. The Fund strives to deliver a triple return: financial, social and environmental.

In its targeted regions, Aventura makes strategic investments in three sectors that are key to the development of a stable Food-System Value Chain:

1. Irrigated farm development & management

2. Farm machinery & inputs

3. Packing & cold storage facilities

Aventura has developed a unique investment model based upon the constraints of frontier market private equity and a profound knowledge of agriculture and the developmental needs of the food-system value chain in Africa.

The model is designed to address the business reality of agriculture in Africa. Each investment is accompanied by a comprehensive training program on business processes and job-specific technical skills. The model is highly scalable with core investments that can be replicated across Africa. Aventura’s initial geographic scope is the West African Franc CFA monetary zone, with a common currency pegged to the Euro.

Aventura managers have over 20 years of experience each, in agriculture, business development and private equity, with solid track records of building companies and managing agricultural enterprises.

Financial description

Fund investments include a combination of debt, quasi equity and equity. Aventura Rural Enterprise Fund seeks to offer investment opportunities to African entrepreneurs via franchise-inspired replication of core companies in agriculture and food production support service companies.

12 years

of track record


the year funded

50,000,000 EUR


Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Encourage companies to adopt sustainable practices and sustainability reporting

Universal access to safe and nutritious food

Sustainable food production and resilient agricultural practices

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Aventura Investment Partners

Product track record: Fund has 12 years of track record

Target IRR: 10%

Committed Capital: 0 EUR (Euro)

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2011

Vintage year: n.a.

Target region: , , ,

Target close date: 01/07/2013

Product term: 10 years +2x 1 year ext

Assets under management: 50,000,000 EUR (Euro)

Investment size: Min: 500,000; Max: 5,000,000; Avg: 2,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 3%

Carried interest: 20%

Hurdle rate: 7%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Other Institutional Investors


E-mail: info@aventurainvest.com

Website: http://www.aventurainvest.com

Phone number: +31 20 220 2132

If you wish to have your details removed from this database please email gdpr@impactyield.com

Dawn Hines

Managing Partner

Moussa Seck


Impact Performance


Impact thesis

By achieving dual goals of financial returns to investors and economic impact in the target investment regions, Aventura seeks to create societal wealth for both its investors and the communities in which it invests. Through its pragmatic approach of strategic investment together with technology and knowledge transfer, Aventura has a direct and immediate impact on the communities in which it invests:
i. Breaking the cycle of rural poverty
ii. Creating jobs in rural areas
iii. Company ownership opportunities for African entrepreneurs and managers
iv. Women in business
v. Positive environmental impact

Impact Management


Financial benchmark

Term Description:


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