responsAbility ag-debt fund secures anchor investment

The development-focused asset manager has clinched a pledge from Kempen Capital for its new fund, which targets up to $300m over the next three years to support ag lending in the developing world.

Switzerland-based responsAbility has secured an “anchor” investment of an undisclosed size for its agriculture debt fund from Kempen Capital Management, a Dutch asset manager.

Domiciled in Luxembourg with an open-ended structure, the responsAbility SICAV Agriculture Fund aims to raise between $250 million and $300 million over the next three years to support a strategy generating “competitive market-based returns” alongside developmental impact.