Tuesday 24 November 2009

Pharos $350m argriculture fund targets Middle East investors

Pharos Financial Advisors today launched a $350m private equity fund focused on acquiring and operating land in Eastern Europe, Eurasia and Africa.

Pharos, a Russian-based investment firm which expanded to Dubai last year, is expecting to raise more than half of the fund from investors in the Middle East.

The Pharos Miro Agricultural fund, with a minimum subscription of $6m, is being offered to family offices, private equity groups and other investors across the region.

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