BTG Pactual emerged as fund manager of the year in the combined North and South America category.
The winners of global categories such as Personality, Firm and Fundraise of the Year, as well as sectors like agtech, sustainability and innovation.
Paris-based PAI is targeting €7bn for its eighth vehicle, which counts food and consumer among its four principle areas of investment.
The round overtakes Future Meat’s $347m 2021 Series B as the biggest yet from the cultured meat industry and comes at a time of increasing momentum and interest.
The firm has linked 100% of its carry to hitting impact goals and will invest in sustainable companies across the food value chain in the OECD.
Chief operating officer David Chan believes FarmTogether’s Sustainable Farmland Fund can raise and deploy $200m within 12-18 months.
Founder and managing partner Nick Cooney says participation by a University-backed investment vehicle helped feed investor interest in NuCicer, which is developing high protein chickpeas.
Investment staff highlighted the Cargill spin-out’s Farm Credit System relationship as the competitive advantage of a strategy targeting 13% net IRR through provision of US agribusinesses loans.
Data products manager Allison Kopf says the company has already helped facilitate about $250m in expansion and project finance capital through a process it plans to accelerate over the next 18 months.
The firm re-opened the vehicle in 2020 due to LP demand for exposure to New Zealand’s horticultural products, exports of which have grown by around 7% per annum in the past two decades.