Treetops Capital Agribusiness Fund LP

United States of America

Last updated 12 May 2020, by Impactyield.

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The Partnership was formed with the investment objective of generating both current income and substantial long term gains by making debt and equity investments in a small portfolio of (“SMEs”) in the Romanian agribusiness sector while having a positive social and environmental impact.

The fund targets businesses that strongly benefit smallholder farmers and there is a technical assistance program provided by the Mennonite Economic Development Association (MEDA) to provide farmer training, market linkages, etc. All investments are made according to sustainable farming practices.

OPIC is providing a financing facility to support the individual agribusinesses. Separately, the European Union has provided non-reimbursable grants for approximately 40-50% of the value of each portfolio company, which adds substantial credit cushion to LPs as well as potentially enhances returns. There will be $24 million invested out of which $3 million is from LPs, $10 million from OPIC, and approximately $11 million in grants from the European Union.

There is a strong opportunity to employ modern technologies to increase efficiency and production while creating jobs in rural communities and lifting individuals out of poverty.

Financial description

The Treetops team shares a common vision that strong financial performance is intertwined with social and environmental sustainability. Investments in the emerging lower and middle classes in developing countries in agribusinesses represent a strong opportunity to make financial returns and a sustainable impact. Treetops implements technology and international best practices where possible to enhance financial, social, and environmental performance.

10 years

of track record


the year funded

3,500,000 USD


Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Universal access to safe and nutritious food

Sustainable food production and resilient agricultural practices

Full employment and decent work with equal pay

Key performance indicators

Fund overview

Asset manager: Treetops Capital LP

Product track record: Fund has 10 years of track record

Target IRR: 40%

Committed Capital: 2,400,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2013

Vintage year: 2013

Target region: , , ,

Target close date: 01/11/2014

Product term: 10 year term

Assets under management: 3,500,000 USD (US Dollar)

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 2

Fund investments to date exited or repaid: 0

Management fee: 2.4%

Carried interest: 30%

Hurdle rate: 8%/20%%

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




Phone number: 646-257-2479

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Impact Performance


Impact thesis

Social Impact:
• Increase local production and competitiveness through introduction of new technologies
• Address growing food shortages
• Strengthen SME participation in the agribusiness sector
• Create employment opportunities for Romanian workers
Environmental Impact
• Utilize energy efficient construction and operating methods
• Incorporate renewable energy sources
• Engage in sustainable agricultural practices

Impact Management


Financial benchmark

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