Thanks to an initial USD 300 000 contribution from FAO’s Technical Cooperation Programme which allowed collaboration with governments and the private sector, the Caribbean region has access to tailored investment vehicles to catalyze capital flows for agrifood system transformation. This is possible through two funds: a market-rate return-focused Private Equity (PE) Growth Fund for companies that have established a growth track record, and a Venture Fund (VF) for companies that were in start-up phase and have a strong value proposition for economic success.   

Target fund sizes evolved to approximately USD 100 million for the PE Growth Fund and USD 25 million for the Venture Fund, aiming for initial closes by the 2nd half of 2025. While the exact amount of capital mobilized is not finalized (due to ongoing fundraising and capital call processes), the groundwork and pipeline (consisting of 130 investment opportunities and 30 deals with thorough due diligence) are solidly established. The innovative approach, comprehensive pipeline and active investor interest collectively indicate strong progress towards achieving the USD 500 million investment target by 2027, set up by the Technical Cooperation Project.