The Washington-based forestry asset will be managed for both carbon capture and timber production.
The international export market could play an increasing role in the Australian grape, berry and citrus supplier’s business going forward.
Chief executive Kevin Schwartz says he is a daily user of Promix products.
The deal with Rayonier marks the asset manager’s first forestry investment in the US South.
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The Kinbeachie Aggregation could be worth more than $65m, far more than PSP paid for it five years ago.
The Japanese institution will invest $20m for the stake, with Pollination looking to support Mizuho’s clients and mobilize capital for its projects and investments.
Corporación Multi Inversiones will become majority shareholder of the Hispanic food company with Palladium retaining a minority stake.
The firm has a long-term target of securitizing its forestry assets around the 10-year mark as an exit strategy for its private investments.
The firm previously said it has agreed offtake agreements worth 'more than $50' per carbon credit.