Managing partner Morty White said the firm views the controlled environment agriculture business less as a food business and more as an ‘agricultural infrastructure business’.
The Transforming Farming Platform now has a portfolio of more than 12,500ha acquired across eight separate transactions.
'We certainly think that there is an opportunity to have a natural capital platform around carbon and biodiversity,' New Forests managing director Radha Kuppalli said.
AAM’s flagship Diversified Agriculture Fund is seeking more capital to deploy into its northern Australia cattle assets and to expand its softwood timber businesses.
Sale of Hume Forests follows the divestment of Green Triangle Forest Products to AXA IM Alts in one of the sector’s largest deals of 2021.
London Stock Exchange-listed Foresight Sustainable Forestry Company has acquired 429 ha of afforestation assets in Scotland since March.
New Forests founder and CEO David Brand will remain with the firm until June 2025 and will focus on strategic initiatives and growth opportunities.
The growth and agtech vehicles have received strong interest from North American institutional LPs, with LACERA having already committed $100m to the funds.
The British fund manager has also closed its first timberland deal in New Zealand, taking a 25% stake in a permanent forestry asset.
The firm has returned to market to raise more capital after acquiring its third property, crossing A$100m in assets under management.