Our evolution

2005

Phatisa private equity and corporate finance advisory firm founded

2006

Phatisa appointed lead adviser in establishing the Pan African Infrastructure Development Fund (PAIDF) and mandated to inform on structuring, developing the information memorandum, raising funds, negotiations and first closing of the fund

Phatisa successfully concludes a number of sell-side mandates in eastern and southern Africa

2007

Raises US$ 625 million for PAIDF – a landmark on two fronts: making PAIDF the largest independent infrastructure fund on the continent at the time, and the only fund of its kind in Africa launched purely with African capital

2008

Phatisa launches the African Agri Fund initiative and secures indicative commitments of US$ 100 million

2009

The team is appointed as the fund manager to the African Agriculture Fund (AAF) and subsequently merges fundraising efforts

2010

Phatisa serves as adviser to Shelter Afrique in establishing the Pan African Housing Fund (PAHF)

2011

Secures first close for AAF, Africa’s first dedicated food fund, at US$ 135 million; operations commence

Overseas Private Investment Corporation (OPIC) announces approval of up to US$ 100 million in financing for the AAF

Phatisa opens regional offices in Kenya and Zambia

The Phatisa team joins the Global Impact Investing Network (GIIN) as part of its efforts to effectively measure and manage its impact investing in Africa

Designs, launches and appoints TechnoServe as the technical assistance facility (TAF) implementer to AAF TAF, a Euro 10.3 million facility dedicated to enhancing development outcomes associated with AAF’s investments, marking the first time such a blended-finance facility is implemented alongside a traditional private equity fund in Africa

Phatisa completes the AAF’s first (Sierra Leone) and second investments (Zambia) within its first year of operations

The Phatisa property team commences PAHF fundraising

Phatisa receives the 2010 Africa Investor Agribusiness Investment Initiative of the Year Award on behalf of AAF

2012

Africa Investor Agribusiness Fund of the Year 2012

Africa Investor Investment Climate Initiative of the Year 2012

2013

African Agriculture Fund final close at US$ 246 million

Phatisa appoints a General Counsel and establishes a presence in London

In order to differentiate between traditional private equity and development-focused investments – such as sustainable, responsible or impact investment – Phatisa coins and first uses the term Development Equity and the formula DevEq = PAT*x + i 2 TM

PAHF, Africa’s first fund dedicated to affordable housing in southern and eastern Africa close and operations commence – US$ 41.95 million

Africa Investor Investment and Business Leader Awards, Leadership in Sustainable Investment in Africa – shortlisted

Africa AM Performance Awards, Private Equity Fund of the Year 2013 – shortlisted

Africa Investor Investment and Business Leadership Awards, Private Equity Deal of the Year 2013

Private Equity Africa Special Recognition for Innovative Sector Strategy in Agriculture

Private Equity Africa Private Equity House of the Year 2013 – shortlisted

Stuart Bradley nominated and joins the board of the Southern African Venture Capital and Private Equity Association (SAVCA)

2014

Inaugural AAF Development Impact Report published

Launches the first African private equity-focused mobile app Africa Private Equity News

Africa Investor Investment and Business Leader Awards, Venture Capital/Private Equity Deal of the Year 2014 shortlisted

Private Equity Africa Special Recognition Frontier Investments FES, Malawi

Stuart Bradley appointed to the Emerging Market Private Equity Association's (EMPEA) Frontier Markets Council

2015

Phatisa goes carbon neutral

In 10 years, Phatisa has grown from three to 30 staff members

The Phatisa Foundation founded by Duncan Owen and the Phatisa Partners to positively impact communities around Phatisa investments

AAF is approved as an investor member of the Roundtable on Sustainable Palm Oil (RSPO)

Private Equity Africa Private Equity House of the Year 2015 – shortlisted

2016

AAF 75% invested with a portfolio consisting of eight companies and one subsidiary fund investment in more than 15 countries across primary production, palm oil, protein production, processing inputs, mechanisation, fertiliser and FMCG beverages

Over the last six years, the Phatisa team has concluded nine food and six affordable housing investments across 21 African countries

2017

Phatisa becomes signatory to the Principles for Responsible Investment, an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact

The team launches the Phatisa Food Fund 2 (PFF 2), the successor fund to AAF

Yida Kemoli nominated and joins the board of the East African Venture Capital and Private Equity Association (EAVCA)

Phatisa becomes a corporate member of the Kenya Green Building Society

2018

Inaugural PAHF Development Impact Report published

Phatisa commits to actively contribute to achieving the UN Sustainable Development Goals

PFF 2 first close at US$ 121.5 million

The Phatisa Board welcomes its first female partner to the senior team

Phatisa’s new office opens in Mauritius

2019

Three funds and US$ 400 million assets under management across 22 African countries

Phatisa became one of the first adopters of the IFC’s Operating Principles for Impact Management

In landmark merger of Goldtree (AAF/Food Fund 1 portfolio company) and Natural Habitats Europe-Africa. The transaction catalyses both Sierra Leone-based businesses in the process of securing full organic RSPO

The Phatisa Food Fund deal team exits the Meridian Group (Food Fund 1) to trade player Ma'aden

2020

Phatisa invests in Rolfes Group (South Africa; agricultural, food, industrial and water chemical management); concludes a fund-to-fund investment in FES alongside a consortium of international co-investors assisting the company to expand its successful business model to neighbouring countries

To actively promote gender equality and women’s empowerment in African private equity, the firm and its portfolio investments, Phatisa signed up to the Women’s Empowerment Principles, established by the UN Global Compact and UN Women

The third food fund-focused development impact report is published.

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