African Agricultural Capital Fund L.L.C. (AACF)

Zephyr Management was appointed successor manager of AACF in July 2018. Originally formed in 2011, AACF called approximately $20 million to invest in eight companies involved in various aspects of agriculture in Uganda, Kenya, and Malawi. Zephyr is providing active support to portfolio companies to address capital needs and working toward an orderly liquidation of AACF’s five remaining investments.

AACF made investments ranging from $250k to $2.5 million, particularly in small and medium sized agricultural businesses. The Fund’s objective is to create positive social impact as well as financial returns which is part of the investment mandate.

AACF made investments ranging from $250k to $2.5 million, particularly in small and medium sized agricultural businesses. The Fund’s objective is to create positive social impact as well as financial returns which is part of the investment mandate.

The Fund’s investments create opportunities for small family-run farms to increase their incomes and improve their livelihoods. They do so by creating jobs and positively affecting businesses related to farmers. They also contribute to the local and national economies.

The Fund’s investments create opportunities for small family-run farms to increase their incomes and improve their livelihoods. They do so by creating jobs and positively affecting businesses related to farmers. They also contribute to the local and national economies.

The Fund’s key theme is food production and it targets this opportunity by focusing on three sectors: primary (farms and plantations); secondary (processing and animal feeds); and services/infrastructure (storage, fertilizers, chemicals, packaging and other inputs). The strategy includes building integrated businesses to control the agri-supply chain.

The Fund’s key theme is food production and it targets this opportunity by focusing on three sectors: primary (farms and plantations); secondary (processing and animal feeds); and services/infrastructure (storage, fertilizers, chemicals, packaging and other inputs). The strategy includes building integrated businesses to control the agri-supply chain.

Active Investments

Divested Investment

Team

Managing DirectorStephen is Managing Director for Zephyr Management, L.P. He is responsible for the overall general management of the firm’s finance, legal, marketing and client service functions. He is also Senior Advisor to Zephyr Peacock PE funds in India. Prior to joining Zephyr, he served as Chairman and CEO of The Dreyfus Corporation and as a Vice Chairman of Mellon Financial Corporation. He also served as CEO of Kleinwort Benson Investment Management Americas, Mitchell Hutchins Institutional Investments and Chase Investors Management Corp. Stephen has an AB from Cornell University and an MBA from Columbia University Graduate School of Business. He is a member of the CFA Institute, New York Society of Security Analysts, Economic Club of New York and is a Trustee of Tuskegee University. Formerly, Stephen served on the Board of Governors for the Investment Company Institute and was a member of the Financial Services Roundtable.

Stephen E. Canter

Managing Director

CEO and PresidentThomas (Tom) is the President and Chief Executive Officer of Zephyr Management, L.P. Prior to founding Zephyr, Tom was President and CEO of Rockefeller & Co., the investment management arm of the Rockefeller family. Previously, Tom was employed by T. Rowe Price Associates, Inc. where he was President of Rowe Price New Horizons Fund and Director of Research. Tom has an MBA from Harvard Business School and an undergraduate degree from Yale University where he majored in Latin American Studies. He is a Chartered Financial Analyst. Tom is also a Director or Trustee for several not for profit institutions.

Thomas C. Barry

CEO & President

Principal and Investment ManagerHerbert has over 18 years of experience in East Africa across functions in financial management, private equity investing, banking, strategy implementation and business operations. He is directly responsible for commercial assessment of portfolio companies, development and implementation of strategies for management support, financing and divestment. Herbert is in direct interface with company managers/owners, other investors and potential acquirers. Prior to joining Zephyr, Herbert was CFO of Millbridge Holding, SA and has held senior investment management and analyst roles at firms in Kenya, Rwanda, and Uganda. He holds a Bachelor of Statistics from Makerere University and a Postgraduate Diploma in Financial Management from Uganda Management Institute.

Herbert Hatanga

Principal and Investment Manager

Contact Us

Offices

African Agricultural Capital Fund L.L.C. (AACF)

Ikigai, JGO 90, James Gichuru Rd., Lavington, Nairobi, Kenya

Tel: +254 727 575 054

Website: https://www.zmlp.com/aacf

Request Information

(Allowed Files PDF, Word, Excel, PowerPoint, & Images)
Please fill all required fields

View Website