Private debt provider of the year: Sail Ventures
Closing three transactions, worth $70 million, through the &Green Fund while catalysing $700 million of investment for its portfolio of sustainable commodity producers has seen Sail Ventures named Private debt provider of the year for the second year in a row.
One transaction was a $30 million investment into Brazilian agribusiness company, Marfrig Global Foods. This investment will see more than 1,200,000 hectares of tropical forest protected from deforestation within Marfrig’s value chain, 600,000 of which is in excess of the legally required reserve.
The past year also saw $27.5 million in new commitments to the &Green Fund from the private sector and the Dutch development bank, FMO, which will be used by the &Green Fund to scale up the portfolio’s impact. In addition, FMO and the &Green Fund agreed upon an action plan to apply rigorous standards for social and environmental compliance, together with the transparent provision of information.
“The fund’s impact potential has more than doubled, with 1.3 million hectares of forest under conservation, 12 thousand hectares of forest contractually agreed to be restored, and over 150 thousand hectares of sustainable production being financed,” said Johnny Brom, founder and chief investment officer at Sail Ventures. “Sail Ventures and the &Green Fund’s investors believe that investing in blueprints for deforestation-free and inclusive agriculture in the tropics is possible and can be done at scale. We invite investors to join us on this journey.”
Sail Ventures is the investment advisor to the &Green Fund, appointed by its board of directors. In this role Sail overseas the fund's day-to-day business, while also being responsible for fundraising and implementing the investment strategy, which includes sourcing transactions, conducting due diligence, structuring and executing transactions.