Mirova has completed a final close of the Land Degradation Neutrality Fund (LDN Fund), an impact investment fund that invests in profit-generating sustainable land use and land restoration projects in developing countries.
The fund raised more than $208 million in equity commitments.
The LDN Fund, promoted by the United Nations Convention to Combat Desertification, and independently managed by Mirova, was launched in 2017, to mobilize public and private capital to provide long-term financing to land-based projects that meet strict environmental and social standards.
The fund invests in enterprises involved in sustainable land use, including agroforestry, regenerative and sustainable agriculture, and sustainable forestry on degraded lands, and aims to improve their sustainability and efficiency.
According to Mirova, the fund creates value through sustainable production, increased quality and market access within sustainable supply chains. Positive impacts
