Danish Agribusiness Fund I K/S

Primary activityIn January 2016, the Danish Agribusiness Fund I K/S (DAF) was established as a public-private partnership. Including a subsequent second close, total capital committed to DAF reached DKK 800 million. Three institutional investors committed DKK 500 million. The Danish Government and Impact Fund Denmark committed in total DKK 300 million. DAF will invest in projects across the value chain from farm to fork based on Danish technology and know-how, e.g. primary production (crops and livestock etc.), processing of food and beverages and production of fertilizers. Projects co-financed by DAF must be commercially viable and offer an attractive return to its investors. DAF is managed by Impact Fund Denmark. Due to the establishment of the Danish SDG Investment Fund, it was decided with the investors in DAF to end DAF’s investment period ahead of schedule. Consequently, from 2019, DAF would not engage in any new investments. The fund can continue to make follow-up on investments in projects in the active portfolio. As a consequence, the commitment from investors was lowered to DKK 450 million.