Non-bank lender Thera Capital Management has secured two-thirds of its commitments from outside Australia, gaining traction among investors thanks to ag’s defensive characteristics and ESG themes.
Sydney-headquartered New Forests is targeting $300 million for the vehicle, which will invest in assets in Southeast Asia.
The firm’s early-stage ag investments could expand from Sub-Saharan countries without upper middle-income status into other regions of Africa, says chief executive Daniel Hulls.
Laguna Bay Fund 2 has a predominately Australia-focused strategy targeting row crops, permanent crops, livestock, water and aquaculture.
Meeting materials describe discounted management fees in perpetuity for LPs committing to PGIM’s US Agriculture Fund at or near February 20.
Pollination founding partner Martijn Wilder says the ANZ investment ‘validates the business model’ and will turbocharge the firm’s next stage of growth.
Co-founder Ryan Lefers describes informal discussions with US government entities regarding potential equity support for its controlled-environment farming systems in water-scarce markets worldwide.
Chief executive Tim Hoerr says the venture firm’s first sector-focused vehicle came after encouragement from ag-related corporates and strong performance of agtech investments within past funds.
The Australian fund manager describes the close as a ‘good result’ and expects to deploy all of the capital within the next few months.
Founder Jay Koh says investors are beginning to focus more systematically on physical climate risk to particular sectors and markets.