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Nov 26, 2009 16:35 EEST
November 26 (SeeNews) - Pharos Financial Advisors, a specialist investment manager authorised and regulated by the Dubai Financial Services Authority, has set up a $350 million (232 million euro) private equity fund focused on acquiring and operating farmland in Eastern Europe, Eurasia and Africa, business news portal Trade Arabia reported.
The new fund, Pharos Miro Agriculture Fund, is launched in partnership with Miro Asset Management Limited, part of Dubai-based Miro Holdings International, Trade Arabia (www.tradearabia.com) reported earlier this week.
You can download the 2023 Agriculture industry in Southeast Europe report here
Miro is an established global agriculture and timber operator that will act as asset manager for the fund overseeing arable land acquisitions and farm development, Trade Arabia added.
Miro has an extensive pipeline of projects available in regions including Romania, Moldova, Ukraine, Russia, Kazakhstan, Ghana and Tanzania.
Pharos Financial Advisors is part of the Pharos Financial Group of companies.
Founded in 1997 with seed capital from Soros Fund Management and Credit Suisse, Pharos Financial Group currently manages three funds – the Pharos Russia Fund, the Pharos Small Cap Fund, and the Pharos Gas Investment Fund.
($ = 0.6629 euro)
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