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.”
About ADM Capital
ADM Capital is a Hong Kong and London-based private credit and private equity fund manager. Founded in 1998, ADM Capital manages USD$1.65bn across a range of funds. With over 38 people operating out of 4 international offices ADM Capital manages closed-end, open-ended and managed accounts. With its long track record, and particular expertise in Asia, ADM Capital focuses on off-market private transactions accessed via its extensive, proprietary network. ADM Capital recently launched its Cibus Fund, focused on investing growth capital into next generation global food and agriculture opportunities.
About the Cibus Fund
The Cibus Fund focuses on mid-market investment opportunities in sustainable food processing and production companies, primarily across Europe and Australasia, and is targeting a US$500m final close in 2018. The Fund aims to take advantage of the significant investment opportunities presented by global demographic changes, shifting trade patterns and 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 will target companies with strong management teams that are active in one or more stages of high-value food chains and will look for companies that are established category champions with a demonstrable technological advantage. Investments are also evaluated on their environmental sustainability as a key determinant of value creation.
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