Binyamin Ali
The fund manager’s latest forestry vehicle has been backed by a single European institutional investor.
The secondaries specialist’s timberland portfolio has grown to have 31,000 km2 footprint and removed 15.9 million tonnes of carbon from the atmosphere in 2023/24.
The fund manager has now raised $125m against a $300m for Export Finance Fund I.
The vehicle has a long-term goal to remove one gigaton of carbon dioxide-equivalents from the atmosphere by 2050.
The AFF20 reveals firms had to have raised at least $845m between 2019-23 to be among the top 20 capital raisers in food, forestry and natural capital.
The AFF 20 is Agri Investor’s inaugural ranking of the biggest fund managers by capital raised between January 2019 and December 2023.
The firm previously said it has agreed offtake agreements worth 'more than $50' per carbon credit.
The Colorado-based firm is working with retailers to figure out how portfolio companies can go from upstarts to must-haves for strategics and generalists.
The pair’s venture will pursue nut and superfood investments in Europe, America, Africa and Asia.
The food investment specialist is seeking up to $750m for its follow-on vehicle.