Binyamin Ali
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.
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.