PCP Uganda Limited

PCP Uganda Limited, which operates under the brand Pearl Capital Partners (PCP), is an independent impact investment fund management business specializing in providing risk capital to agriculture-related businesses in East and Southern Africa. The firm has been operating in East Africa since 2005 and has been investing in small and medium-sized East African agribusinesses since 2006. It maintains offices in Kampala, Uganda, and Nairobi, Kenya. PCP's mission is to provide medium- to long-term capital to ambitious entrepreneurs building sustainable and profitable agribusinesses while generating significant and measurable social and developmental impact. Its investments are designed to generate financial returns for investors while creating social impact, particularly by strengthening agricultural sub-sectors and using smallholder farmer networks to generate income for millions of families across East Africa. The firm manages several agriculture-focused funds. It administers portfolio management on behalf of the Yield Uganda Investment Fund, a €20 million agricultural fund launched with an initial €12 million in 2017 and an additional €8 million commitment in 2019. PCP also manages the Smallholder Credit Fund (SCF), a revolving credit facility capitalized by the Embassy of the Kingdom of the Netherlands in Uganda (EKN) with a total capitalization of €8 million. The SCF is designed to provide affordable, patient wholesale credit to 87+ farmer organizations (SACCOs, producer cooperatives, agri-MSMEs and agri-fintechs) for onward lending to more than 81,000 smallholder farmers across Uganda in the agri-food sector. PCP has managed four agriculture-focused funds with a portfolio of over 48 investments. In addition to investment management, the firm facilitates business development services (BDS) for its investees. A separate BDS facility provided by the European Union and implemented by IFAD is available for Yield Fund investees, offering technical assistance in areas such as finance and cost management, administration and operations, human resource management, sales and marketing, and corporate governance. During the COVID-19 pandemic, the subsidy for BDS implementation costs was increased from 50% to 85% for existing and future investees. As a private company, PCP Uganda Limited is not listed on a stock exchange. Its ownership structure is not detailed in the available evidence. The firm positions itself as a specialist agriculture investment manager combining financial returns with developmental impact in the East African agribusiness sector.

Pearl Capital Partners (PCP) was established as an independent agriculture investment management firm and has been operating in East Africa since 2005. It began investing in small and medium-sized East African agribusinesses in 2006. The firm is headquartered in Kampala, Uganda, with an additional office in Nairobi, Kenya. Over its history, PCP has managed four agriculture-focused funds with a portfolio of over 48 investments. In 2017, it launched the Yield Uganda Investment Fund with an initial €12 million commitment. In 2019, an additional €8 million commitment brought the total fund size to €20 million. PCP administers portfolio management on behalf of this fund. PCP also manages the Smallholder Credit Fund (SCF), a revolving credit facility capitalized by the Embassy of the Kingdom of the Netherlands in Uganda (EKN) with a total capitalization of €8 million. The SCF provides wholesale credit to farmer organizations for onward lending to smallholder farmers across Uganda. In addition to investment management, PCP facilitates business development services for its investees. A separate BDS facility provided by the European Union and implemented by IFAD supports Yield Fund investees. During the COVID-19 pandemic, the subsidy for BDS implementation costs was increased from 50% to 85% to help companies absorb and respond to the shock. The firm continues to operate as a private impact investment fund manager focused on agriculture in East and Southern Africa.

• 2019

  Additional €8 million commitment brings Yield Uganda Investment Fund total to €20 million.

• 2017

  Yield Uganda Investment Fund launched with initial €12 million commitment.

• 2006

  PCP begins investing in small and medium-sized East African agribusinesses.

• 2005

  PCP begins operating in East Africa.

Specialist agriculture investment manager combining financial returns with social impact in East and Southern Africa.

• Yield Uganda Investment Fund

  A €20 million agricultural fund managed by PCP, launched in 2017 with initial €12 million and additional €8 million in 2019.

• Smallholder Credit Fund (SCF)

  A revolving credit facility capitalized by the Embassy of the Kingdom of the Netherlands in Uganda with €8 million, providing wholesale credit to farmer organizations for onward lending to smallholder farmers.

1. 1Pearl Capital Partners – An independent agriculture investment management firmpearlcapital.net
2. 2About – Pearl Capital Partnerspearlcapital.net
3. 3Business Development Services – Pearl Capital Partnerspearlcapital.net
4. 4Wikidata – Q132472581wikidata.org
5. 5Service – single page – Pearl Capital Partnerspearlcapital.net