Cibus Fund receives Guernsey Green Fund status
Guernsey has registered Cibus Fund, a Guernsey-domiciled agribusiness fund, as its first regulated green fund.
The fund, managed by ADM Capital Europe, has been designated as a Guernsey Green Fund in recognition of the fact it regards environmental sustainability as a key determinant of value creation.
The Guernsey Financial Services Commission launched the Guernsey Green Fund initiative in July 2018; it will be awarded to those funds that meet eligibility criteria designed to assure investors that funds are invested in line with appropriate environmental standards.
Cibus Fund held a first close on $100m in May 2017 and aims to make buyout and growth capital investments in sustainable food processing and production businesses across the European and Australasian mid-markets.
The fund acquired a majority stake in Spain-based olive oil producer Olivos Naturales in October last year.
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