2005
Phatisa private equity and corporate finance advisory firm founded
Our evolution
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
www.phatisa.com | Feeding & Housing Africa
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