News Investment
Amsterdam investor focuses on agri-food
Convent Capital launches a new investment fund for companies with innovative and sustainable ideas in the agri and food sector. The fund (Agri Food Growth Fund) has already raised €50 million from its own investor network. The Overijssel Animal Health Concepts, active in the production of animal feed additives, has since received growth capital.
In the coming months, the size of the fund can grow to €150 million. The Amsterdam investor contributes growth capital from €5 million to a maximum of €20 million to the selected sustainable and innovative companies. Convent Capital focuses on companies that need capital for the first growth phase of the company, after the initial start-up phase. According to Bor Boer of Convent Capital, the company thus finances 'those growth brilliance with an already proven technology and business model'.
Almost the entire chain can qualify
Boer indicates that companies from the entire agricultural and food chain are eligible for financing, from services to distribution. Only retail parties fall outside Convent Capital's investment area.
The conditions for investment dictate, according to the company, that every investment generates demonstrable sustainability impact. It measures this with targets that focus on climate and biodiversity. An independent investment committee and consultant MJ Hudson assess during and after the term whether the objectives are being achieved. If this is not the case, Convent Capital will donate the compensation received for the capital to sustainable charities.
Money for Overijssel company active in supplementary animal feeds
Simultaneously with the announcement of the fund, Convent Capital also announces its participation in the Overijssel company Animal Health Concepts (AHC). The company develops innovative supplementary animal feeds that can reduce the use of antibiotics in the livestock sector. AHC expects to be able to grow faster with the capital raised.
Steve Wissink
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