Binyamin Ali

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.

The fund manager has adapted its timberland strategy to farmland and has a partnership in place to receive payments for carbon and methane offsets.

A target size has not been disclosed for the fund, but the firm’s Fund III closed above its C$70m target in 2020.

The firm has invested in more than 80 companies since it was founded in 2020.

The acquisitions have been made on behalf of an unnamed European client whom Craigmore expects to make further permanent crop acquisitions in NZ.

The human health specialist has established a quartet of food value chain companies focused on improving the sector’s sustainability and now wants to move upstream.

The pension has a 2% target allocation to the asset class.

The Californian pension also made a $65m commitment to the Altor Climate Transition Fund I.

CEO Angus Whiteley says the firm is seeing fewer timberland deal opportunities in Europe due to limited scale and high prices propped up by subsidies.