London, October 19, 2018 – ADM Capital Europe LLP is pleased to announce that its Cibus Fund (“Cibus”), the global agribusiness investment fund, has been designated as a Guernsey Green Fund, making it the first regulated fund to achieve this status.
The Guernsey Financial Services Commission launched the Guernsey Green Fund in July 2018 and it is only awarded to those funds which meet strict eligibility criteria designed to reassure investors that funds are invested in line with appropriate environmental standards.
Cibus has been granted this status in recognition of the fact it regards environmental sustainability as a key determinant of value creation. The Fund, which held a $100m first close in May 2017, aims to take advantage of the significant investment opportunities presented by global demographic changes, shifting trade patterns and, fundamentally, the inability of the world’s fastest growing economies to meet rapidly increasing regional demand for high value foods driven by burgeoning middle classes.
Cibus was advised by Carey Olsen’s Guernsey funds team and Vistra Guernsey on the successful designation.
Commenting Rob Appleby, Co-founder and joint CIO at ADM Capital said: “We are delighted to be the first regulated fund to have received Guernsey Green Fund status. This designation is testament to our investment strategy which places environmental sustainability at its heart and a key determinant of value creation. We hope that other funds will follow suit and strive to achieve the same status for their sustainable investment initiatives as the global benefits of green investment are realised.”