Mandala Capital, a private equity fund investing in the agriculture and food sectors across South and Southeast Asia, announced today that the Green Climate Fund (“GCF”) has officially approved the Mandala Capital SSEA Food Fund at its 43rd Board Meeting.
GCF committed USD 36 million as an anchor investor in the USD 250 million blended finance fund aimed at accelerating climate adaptation across the region’s agrifood systems.
Bridging the Investment Gap in Agriculture
Agriculture and food systems across South and Southeast Asia face a significant financing gap, despite their vital role in regional livelihoods and global food security. Agriculture contributes to 13% of regional GDP and employs over one-third of the population, yet investment in climate-resilient agriculture remains insufficient.
At the same time, climate change is expected to reduce crop yields by 10–20% in the coming decades, threatening the livelihoods of millions of smallholder farmers.
“For years, we’ve heard that private finance is hard to mobilize for climate adaptation, today, Mandala Capital and the GCF are proving otherwise. Through the SSEA Food Fund, concessional capital from GCF is unlocking, through Mandala, millions in private investment that will strengthen the resilience of thousands rural households across three Southeast Asian countries.” said Demetrio Innocenti, Climate and Gender Specialist at Mandala Capital.
Driving Climate Resilience in Agriculture and Food Systems
Through GCF’s commitment, Mandala Capital will mobilize additional private investment to scale climate adaptation solutions and strengthen value chains that support over 12 million people across South and Southeast Asia.
“This partnership demonstrates how blended finance can bring the private sector to the forefront of climate action, mobilizing investments that strengthen food security and build climate resilience across the Philippines and the region. The Philippines’ NDA welcomes Mandala Capital’s commitment to channel a portion of the fund’s investment into local initiatives, supporting innovative SMEs that can deliver real, scalable impact. This initiative underscores how private capital can be effectively leveraged to accelerate resilience and transformation in the agrifood sector.” Said Mr. Joven Balbosa Undersecretary, International Finance Group, Philippines NDA.
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