The fund attracted commitments from ‘less than five’ institutions, some of which were investing in the asset class for the first time.
The firm has made its third investment this year by buying the landscaping division of John Deere.
Latin America-focused Aqua Capital will invest in mid-market agribusiness and food companies in Brazil, Chile, Uruguay and other South American countries.
New York-based Arlon Group and its subsidiaries focus primarily on investments in the food and agriculture industries.
The Singapore-based firm is targeting $150m for its fourth fund that will focus on investments in the agricultural and healthcare sectors in China.
The firm, which has closed its tenth fund on $3.58bn, has a small allocation to explore opportunities in water resources and agriculture that tie back into its core strategies.
UCG Investments has announced the first close of its latest private equity fund after a six-week fundraising period. The fund will target infrastructure and energy as well as agriculture, forestry and real estate – mainly in Uruguay, Peru and Colombia.
With a newly minted fund and a fat Rolodex, Water Asset Management co-heads Disque Deane and Matt Diserio are more than willing to evangelise about investing in the water sector. And, pretty soon, they expect to be preaching to the converted.
A Baltimore-based investment firm has raised $180 million to invest in wetlands restoration, a niche strategy that combines conservation with mid-teen return expectations.
UK finance development institution CDC has committed $20m to one of the largest agri-business private equity funds in Africa. CDC hopes the move stimulates fundraising in the sector.