Ejnar Knudsen says US pensions are among LPs in a distinct AGR vehicle focused on the type of ag-related real assets that proved resilient throughout covid-19-related shutdowns.
Chairman Dave Chen says the 40-acre planned greenfield facility reflects the growing demand for scale in greenhouse sector that has rendered some smaller facilities ‘stranded assets.’
Debt commitment to ETG will allow the agricultural conglomerate to strengthen its food value chains which support more than 550,000 smallholder farmers in Africa alone.
The €100 million impact fund for smallholder farmers is backed by commercial banks and a host of government-backed development finance entities.
The feed mill is the fund’s fourth asset and the first since the purchase of three foundation assets, all of which have been acquired via sale-and-leaseback arrangements.
The firm was also granted a seat on the Simple Love’s board as its continues to make inroads into the Asia food sector through its third flagship food fund.
The sale of Auscott, which attracted interest from a wide range of buyers globally, shows how large the pool of potential buyers for large-scale ag assets has become.
PSP has made another significant investment in Australian agriculture through its purchase of Auscott, adding to its acquisitions of BFB and Webster in 2019.
Founder Matt Crisp says the plant-based protein supply chain has been the natural ‘proving ground’ for the company’s data and analytics platform, which can also support future food system trends.
Post covid-19 challenges faced by small wineries in a market undergoing structural change were highlighted in a recent Rabobank report.