The AAF SME Fund Invests in Cameroonian Commercial Farm (Sub-Saharan Africa)

Source: Databank Agrifund Manager

Africa-focused private equity group Databank Agrifund Manager Limited (DAFML) has invested in Cameroonian commercial farm West End Farms (WEF) through the AAF SME Fund. AAF SME Fund, a sub-fund of the African Agribusiness Fund (AAF) managed by private equity firm Phatisa, is focused on African food production and processing. The fund held a first close with US$30 million in commitments in February 2012 and is targeting total commitments of US$80 million. Financial details of the investment, which was a mixture of equity and mezzanine funding, were not disclosed.