Binyamin Ali
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.
Campbell Global will invest the vehicle on behalf of the defined contribution pension scheme and will not pay performance fees to the JPMorgan subsidiary.
The firm has a goal of increasing the size of the 2021-vintage to $1bn but says it is not in a rush to reach the target.
The Munich Re subsidiary has made the acquisition on behalf of an unnamed client that aims to pursue an agricultural growth strategy in the country.
As some other private markets have recorded surprising figures to varying degrees, agri-food and forestry appears to have slipped back into its happy medium.
The development finance institution said the ticket represents its first commitment to an institutional forestry fund.
H1 2024 fundraising for dedicated agri-food and forestry vehicles hit $5.1bn, representing the biggest half-year figure since 2021.