SilverStreet Private Equity Strategies SICAR – Silverlands Fund

Africa Food and agriculture

This is a pan-African agricultural fund focused on primary agriculture and associated processing.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Mozambique, Namibia, South Africa, Tanzania, Zambia
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Food and agriculture
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
SilverStreet Capital LLP
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
May 2011
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$20m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Luxembourg

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Crookes Brothers Limited

A regional farming business specialising in the production of sugar, fruit and grains in South Africa, Mozambique, Zambia and Swaziland.

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South Africa Africa, Southern Africa Food and agriculture November 2012 Active
Silverlands Tanzania Limited

Silverlands Tanzania is an agribusiness that produces high quality poultry feed and day-old chicks.

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Tanzania Africa, East Africa Food and agriculture February 2013 Active
Foresythe Farm (Silverslands Ranching Limited)

Foresythe Farm runs a breeding herd of circa 5,400 cattle in Zambia.

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Zambia Africa, East Africa Food and agriculture March 2013 Active
Serenje District Farms

Project Copper in an investment in farming land in North-West Namibia.

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Zambia Africa, East Africa Food and agriculture March 2013 Active
Kakushi Farms

Kakushi Farms is located in the Mkushi District in Zambia’s Central Province and comprises two grains farms (Kakushi North and Kakushi South).

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Zambia Africa, East Africa Food and agriculture March 2015 Active
Ndolela Africa Plantations

Ndolela is a grain farm located near Madaba in the Ruvuma region of Tanzania. It focuses on the production of malting barley in the winger and soya beans and seed maize in the summer. It currently has 115 hectares of irrigation in place, with plans to expand to 1700 hectares, making it one of the largest irrigated row cropping operations in Tanzania.

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Tanzania Africa, East Africa Food and agriculture June 2015 Active
Silverlands Vineyards

Silverlands Vineyards (Pty) Limited concists of three adjacent farms at Aussenkehr on the Orange River in Namibia. The region is one of the best areas for growing table grapes, primarily because of when the harvest takes place (between early November and end December).

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Namibia Africa, Southern Africa Food and agriculture June 2015 Active
Quinta da Bela Vista Limitada

Quinta da Bela Vista farm, to the south west of Maputo in Mozambique, covers over 600 hectares of land, on which 300 hectares will be turned over to producing bananas.

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Mozambique Africa, East Africa Food and agriculture June 2016 Active