Meijburg Legal is pleased to have advised CFC with the setup of The ACT Fund
Meijburg Legal has assisted CFC in structuring and setting up the ACT Fund, an impact fund that will deliver trade finance and long-term debt to agri-SMEs across Africa, Latin America, and Asia and aims to boost farmer productivity, support rural jobs, and restore soils, biodiversity, and carbon stocks — generating both financial returns and measurable impact. Invest International is one of the fund’s first investors. CFC is an intergovernmental financial institution established within the framework of the United Nations and finances commodity development projects in developing states.
Setting up the fund required a combination of expertise that Meijburg Legal could offer as a multi-service office. A multidisciplinary team has drawn up and advised various agreements in close cooperation on various legal aspects.
“We are proud that we were able to make a successful contribution to this special project, which has a financial, social and environmental impact” - Lucas Lustermans, lawyer and partner at Meijburg Legal
“Meijburg Legal’s expertise and practical approach have been crucial in achieving this first close. We look forward to continue working with the Meijburg team towards the final close and the further collaboration as we now switch to making the first investments with the ACT Fund” – Michael van den Berg, fund manager at ACT Fund
The team at Meijburg Legal was led by Lucas Lustermans (lawyer and partner Banking & Finance) and further comprised of Matthijs Bolkenstein (lawyer and partner Banking & Finance) and Joost Kool (lawyer and senior associate). More information about CFC and ACT Fund can be found here and here. More information about the Banking & Finance team at Meijburg Legal can be found here.
