EcoAsia Southeast Asia Agriculture Fund
Last updated 13 May 2020, by Impactyield.
Emerging countries (256) / Asia (67) / South-Eastern Asia (21)
EcoAsia's US$100 million agriculture fund targets both financial and social returns.
Established in 2012, EcoAsia invests up to US$15 million in financially viable Southeast Asian businesses across the agriculture value chain that support and enhance regional food security and address climate change.
By focusing resources to improve crop yields, enhance operational efficiencies, build internal capacity, and upgrade soft and hard infrastructure, EcoAsia expects to increase real economic value in its investment portfolio and boost food output and security for local communities in the Region.
EcoAsia seeks to invest up to US$15 million in each portfolio company and achieve 15% IRR over the life of the investment. Mezzanine financing with an equity kicker is the preferred financing structure, however the Fund is open to leveraging other instruments as well, such as quasi-equity, structured royalty streams and warrants, convertible notes and long term debt financing.
of track record
the year funded
Encourage companies to adopt sustainable practices and sustainability reporting
Universal access to safe and nutritious food
Sustainable food production and resilient agricultural practices
Universal access to modern energy
Increase global percentage of renewable energy
Expand and upgrade energy services for developing countries
Key performance indicators
Asset manager: EcoAsia Capital Partners
Product track record: Fund has 11 years of track record
Target IRR: 15%
Committed Capital: 0 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Cayman Islands
Product status: Open - no committed capital
Style/Stage: Growth Stage, Mezzanine Finance, PIPE/Re-Cap, Secondary
Inception year: 2012
Vintage year: n.a.
Target region: Asia, Emerging countries, South-Eastern Asia
Target close date: 01/06/2014
Product term: 10 years +2x 1-yr ext
Assets under management: 100,000,000 USD (US Dollar)
Investment size: Min: 0; Max: 15,000,000; Avg: 0
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Other Institutional Investors
Phone number: +852-9821-8369
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EcoAsia seeks to promote food security and address climate change in Southeast Asia through direct debt and equity investments in agriculture SMEs operating along the entire value chain – from farm to fork. By focusing resources to improve crop yields, enhance operational efficiencies, build internal capacity, and upgrade soft and hard infrastructure, EcoAsia expects to increase real economic value in its investment portfolio and boost food output and security for local communities in Southeast Asia. Furthermore, given that modern agriculture is an extremely energy intensive process there are numerous opportunities to leverage alternative energy, such as biomass-based power generation, to lower the carbon emissions of regional SMEs engaged in agriculture.
To monitor and measure the Fund’s social contribution and performance, EcoAsia has adopted and implemented the following Environment and Social Development guidelines and operating procedures: establishment of an Impact Committee, integration of the IRIS & FAST SIAMT Framework, and semi-annual on-the-ground assessments of each investment.
agricultureclimate changeCommunity Investing/LocalFair TradeFood SecurityOtherSoutheast Asiasustainability