Dutch impact investor Pymwymic has taken over a food-focused growth fund from Dutch asset management firm Triodos Investment Management.
The fund, currently Food Transition Europe Fund, will be rebranded as the Pymwymic Healthy Food Systems Growth Impact Fund III.
"This transfer represents a step-change in our ability to back food system innovators also at scale," said Rogier Pieterse, managing partner at Pymwymic, in a statement. "It creates a strong platform for ambitious food and agriculture businesses across Europe, with the right capital, expertise, and strategic network needed to scale their impact."
From farm to fork
Under the deal, Pymwymic will now inherit more than 40 portfolio companies across 16 countries, covering the full food value chain "from farm to fork" – what it claims is one of the deepest specialist track records in European food and agriculture impact investing.
Three investment professionals – Adam Kybird, Artem Galchenko, and Josep Segarra Garcia – are crossing over from Triodos IM to Pymwymic, bringing the team to 14.
Re-focusing on five areas
Triodos IM, meanwhile, is re-focusing on five core areas: financial inclusion in emerging markets, energy transition, listed impact equities and bonds, bespoke institutional mandates, and nature-based solutions.
"The fund is well positioned for continued growth and sustained impact, ensuring continuity for investors and portfolio companies," said Hadewych Kuiper, managing director investments at Triodos IM.