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Fund geography
Emerging countries (256) / Africa (127) / Eastern Africa (50)
MORINGA is a agroforestry fund sponsored by La Compagnie Benjamin de Rothschild (CBR) of the Edmond de Rothschild Group and Office National des Forêts International (ONFI), the International subsidiary of Office National des Forêts in France. BeCitizen, a CBR subsidiary specialized in environmental strategy will also play a core role. MORINGA aims to provide an attractive return to its investors and places sustainability and high environmental and social standards at its core.
The MORINGA team is currently raising 100M€ for investment into projects in non-fertile savannahs or eroded, compacted and damaged lands in Africa and Latin America. MORINGA projects will sell staple and cash crops, fuel wood, timber and carbon credits in local and international markets. The underlying markets to be addressed exhibit strong fundamentals and long term positive trends (for example, the demand for timber and crops will continue to grow strongly as a result of global population growth and consumption pattern changes in Asian countries).
Asset class
Agriculture & Timberland, Mezzanine Finance, Private Equity / Venture Capital, Real Assets
Fund status
Fund style
Financial description
The fund will provide a balance of capital appreciation and annual cashflow to investors. A diversified portfolio of between 10 and 12 investments will be targeted. The investees will typically be beyond the stage at which the agroforestry combination has been proven. Moringa investment is therefore mainly expected to be in the form of expansion capital that leverages the successful pilot case and takes it to a larger scale.
Moringa will typically hold its investees for 6-10 years and will actively participate at board level. Most investments will place Moringa in a controlling position. The projects will be managed by dedicated on-the-ground companies and will benefit from on-going monitoring and support from ONFI.
13 years
of track record
2011
the year funded
100,000,000 EUR
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Impact Category
Key performance indicators
Fund overview
Asset manager: Moringa Partnership
Product track record: Fund has 13 years of track record
Target IRR: 10%
Committed Capital: 0 EUR (Euro)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Switzerland
Product status: Open - committed capital
Style/Stage: Development, Growth Stage, Value-Added
Inception year: 2011
Vintage year: n.a.
Target region: Africa, Eastern Africa, Emerging countries
Target close date: 01/05/2012
Product term: 12 years
Assets under management: 100,000,000 EUR (Euro)
Investment size: Min: 5,000,000; Max: 10,000,000; Avg: 7,500,000
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: EUR (Euro)
Currency for fund / product figures: EUR (Euro)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Contact
E-mail: contact@moringapartnership.com
Website: https://www.moringapartnership.com/
Phone number: +41 79 1280 278
If you wish to have your details removed from this database please email gdpr@impactyield.com
Martin Poulsen
n.a.
Impact Performance
n.a.
Impact thesis
In addition to providing investors with an attractive return derived from a sustainable portfolio MORINGA will contribute tangible benefits to local populations such as job opportunities, additional revenues, improved health and schooling. During MORINGA’s investment in each project, use of best practice planting techniques and the benefits of the agroforestry approach will leave behind a fertile soil. The residual quality of the soil will enhance the attractiveness of MORINGA’S projects at exit.
Moringa encourages reforestation, biodiversity preservation, climate change, soil restoration, watershed protection, etc. The strong environmental credentials of projects act as risk mitigators and by underpin longer term profitability via agro-forestry synergies and additional revenues (carbon credits, etc.).
As outlined above Morgina projects also provide strong social benefits to surrounding populations and these should ensure that projects benefit from the presence of supportive local populations and that there is a reduction or elimination of the risk of fire hazard, vandalism, theft etc. Overall the projects benefit from a significantly stronger guarantee against social & political risks.
The EUR5m Technical Assistance facility that will be associated with the fund will strengthen projects in the pre-investment and investment phases, disseminate state of the art technologies and experience and support out-grower programmes.
Impact Management
n.a.