The firm is 'seriously considering' a distinct forestry vehicle that would target institutional investors, with its latest series of deals set to take it beyond £100m deployed into the asset class.
Farm field, Africa, Nigeria
The UN body granted its firm direct loan to Nigerian impact enterprise Babban Gona, which has since received commitments worth $23m from other senior debt lenders.
Wide shot of cattle grazing under a tree in a field in Queensland, Australia
Packhorse Pastoral Company, which is targeting A$1.5bn in total for its first fund, has made a strong start after just six weeks of fundraising.
Roc Partners’ Premium Food Fund was one of three buyers, alongside Primewest and another local buyer, for Harvard University’s Western Rosella portfolio.
The Nuveen-affiliate added at least 60,000 acres to its Australia portfolio and made smaller additions in the US, Chile and Brazil.
The firm has had an action-packed 12 months since its entry into ag with MIRA’s acquisition of Vitalharvest, the launch of its own dedicated ag fund and a merger with Centuria Capital Group.
The C$204.5bn pension’s facility is secured by Flagship Pioneering-backed Indigo’s intellectual property and could be a first of its kind.
Toronto city night skyline, Ontario
Teachers’ Innovation Platform has grown to amass a C$3.7bn portfolio since it was launched in 2019 and made its first agtech investment in mid-June when it led a $226m Series B for Motif FoodWorks.
Olive tree
The firm is close to fully divesting its 2008-vintage Agri-Vie Fund I, while its $146 million successor vehicle is now close to being fully deployed.
Strawberries, raspberries and blueberries on wooden surface
The two firms had steadily outbid each other over the past several months, with a final offer price now one-third higher than the first bid submitted by Macquarie in November 2020.
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