Head of sustainable food debt Suhasini Singh says the Climate Smart Food Systems Fund will use public and private capital to provide credit to agribusinesses in the developing world.
The firm will invest in early-stage start-ups in Israel and Europe.
Sustainable Development Acquisition Corporation faced an August 12 deadline to complete a merger in its target sectors of water, food and agriculture, renewable energy and resource management.
The pair are targeting the domestic timberland market and will invest venture and growth capital into businesses focused on adding value to forestry exports.
The 15-year closed-end fund has been seeded with capital from 10 Japanese companies including Sumitomo Forestry, Japan Post Holdings, and Sumitomo Mitsui Banking Corporation.
The firm took commitments from LPs including Louis Dreyfus Company Ventures and Yara Growth Ventures.
The insurer has launched a €100m strategy to invest in up to 25 biomethane plants across Spain over a five-year period.
Proterra’s Fund V has already acquired two farms in the US and will primarily target assets in the Midwest, Pacific Northwest and southern states.
The close represents the first stage of a planned initial fundraise of A$65m, which will be used to acquire a mixed farming aggregation and water entitlements in NSW’s Southern Riverina.
CEFC and CDPQ will establish Wilga Farming, an open-end platform with A$200m of capital to be managed by Gunn Agri Partners, as well as taking a stake in the asset manager itself.