Mandala Capital, a private equity fund investing in the agriculture and food sectors across South and Southeast Asia, announced that the Green Climate Fund (GCF) has officially approved the Mandala Capital SSEA Food Fund at its 43rd Board Meeting.
GCF committed US$36 million as an anchor investor in the US$250 million blended finance fund aimed at accelerating climate adaptation across the region’s agrifood systems.
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.
Through GCF’s commitment, Mandala Capital will mobilise additional private investment to scale climate adaptation solutions and strengthen value chains that support over 12 million people across South and Southeast Asia.
“The Philippines’ NDA [National Designated Authority] 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 Joven Balbosa, Undersecretary, International Finance Group, Philippines NDA.
