SEAF India Agribusiness Fund
Last updated 13 May 2020, by Impactyield.
Emerging countries (256) / Asia (67) / Southern Asia (30) / India (25)
SEAF India Agribusiness Fund (SIAF) targets promising SMEs across India’s agribusiness value chain. Bolstered by a local team of experts in agribusiness finance, SEAF applies its global agribusiness experience, along with local sector knowledge, to generate substantial growth in Indian SMEs. SIAF provides long term investments with a double bottom line mission: to promote socially responsible economic development in India while generating a competitive return on investment.
India has a large agrarian economy, is one of the biggest producers of agricultural commodities in the world, boasts the world’s second largest amount of arable land, and has growing domestic demand for increased quantity and variety in food. Supported by a favorable policy environment and a young and wealthier consumer class, India offers significant investment opportunities in the agribusiness value chain and is poised to become a global player in these industries. Combined with opportunities to achieve higher productivity, value addition, and tech improvements, these trends present high growth prospects and financial and development returns for SIAF.
The Fund will make equity and equity-related investments in emerging unlisted companies and growth oriented small- and mid-size enterprises in the food and agribusiness sector in India.
of track record
the year funded
Headquarters location: United States of America
Other funds managed by this asset manager: Afghan Growth Finance LLCGeorgia Regional Development Fund LLCSEAF Caucasus Growth Fund LLCSEAF Bangladesh Ventures LLCSEAF Blue Waters Growth Fund Limited
Key performance indicators
Asset manager: SEAF
Product track record: Fund has 13 years of track record
Target IRR: 20%
Committed Capital: 33,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Mauritius
Product status: Open - post first close
Style/Stage: Growth Stage
Inception year: 2010
Vintage year: 2010
Target region: Asia, Emerging countries, India, Southern Asia
Target close date: n.a.
Product term: 9 years
Assets under management: 75,000,000 USD (US Dollar)
Investment size: Min: 2,000,000; Max: 6,000,000; Avg: 4,000,000
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: 10.00%%
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: Life Insurance Corporation of India, Omidyar Network Fund Inc, Sarona Asset Management, Small Industries Development Bank of India, Syndicate Bank, Union Bank of India, SEAF
Limited Partner / Investor Type: Development Finance Institution (DFI), Other Institutional Investors, Retail Investors
Phone number: 1-202-737-8463
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SEAF tracks the developmental impacts of its investments in SMEs in emerging markets. Through its experience, SEAF has learned that fostering profitable, competitive local enterprises is a fundamental step in achieving sustainable development. Its partnerships with SMEs generate measureable results, increasing employment and wages for workers, creating business opportunities for local suppliers, and improving the quality and availability of products and services for the local community. Through case studies and data collection, SEAF calculates unique metrics on its investments across its portfolio.
SEAF’s analysis shows that for every $1 invested in an SME, an additional $12 in benefits returns to the community through a variety of stakeholders—from employees, suppliers, customers and competitors, to local governments and communities. As these businesses modernize and grow stronger, so do local families and communities. With the stable jobs, growing incomes, and valuable job training provided by SMEs, families can plan for their futures – investing in housing, health care, and education that can end the cycle of poverty and build the foundation for a more prosperous society.
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