The greenhouse grower uses hydroponic technology to grow leafy greens and wants to make its produce accessible to more than half the US population by 2026.
The firm has also raised €260m for its debut Food Ecosystem Fund, which it expects to close on €300m in Q3.
'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.
Synthesis Capital – founded by two former VC investors at Jeremy Coller’s family office – has raised $300m for its debut alternative protein venture fund.
The Japanese trust bank made its first timberland investment last year amid a trend that has now led to New Forests being acquired by Mitsui & co and Nomura.
The program has a goal of restoring 2m hectares of land across six African countries and will support 2m smallholder farmers by 2026.
The vehcile attracted investment from a wide pool of LPs including sovereign wealth funds, pensions and family offices as it hit its $175m target within three months of launching in 2021.
Roc Partners partner Frank Barillaro said that many blue-ribbon Australian farmland assets sold to offshore investors may never come back into domestic hands, with superfunds still reluctant to participate in the market.
Despite all the buzz around the benefits of regenerative farming practices, there have been few private market vehicles dedicated to supporting the transition. That could be about to change.