Binyamin Ali

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.

The firm initially took a minority position in the business in 2020 and has now taken a majority stake.

The firm’s new forestry team has a track record of sourcing off-market deals, and its CEO believes it can cash in on LP goodwill to raise capital quickly.

Insured carbon credits will be compensated though ‘in-kind replacements,’ or buyers will be reimbursed their purchase price where replacement credits are not available.

Tiverton AgriFinance III has comfortably eclipsed the $325m raised by its predecessor.

The venture capital firm invests in pre-Series A technology companies in the agriculture and food supply chain.

The investment marks the initial acquisition by Fiera Comox’s Global Sustainable Timberland Strategy.

Denmark is now squarely in the food decarbonization limelight as its agriculture industry juggles an incoming livestock levy and the EU’s farm-to-fork strategy and Nature Restoration Law.