Global head of OCIO and fiduciary services Eric Menzer says private ag debt, farmland and timber vehicles are within scope for a 'hybrid' vehicle that also includes investments in public companies.
The firm took more than NZ$150m in commitments in 2021 across its permanent crop, forestry, dairy and farming vehicles.
Remilk uses a fermentation process to produce animal-free dairy proteins and expects to launch its first products later this year.
International Farming Corporation recently acquired a Washington state grower, packer and shipper of apples, cherries and pears.
One of the companies into which the firm will invest is Tracegrow, which repurposes used alkaline batteries into organic fertilizer for crops.
Mitsui said the commitment would help it achieve net zero emissions by 2050, potentially offsetting more than 10m tonnes of CO2 emissions.
The partnership with PeakBridge will seek to make investments of between $3m to $5m in sectors including ingredient innovation and farming technology.
The impact investor has previously raised a seed fund, a VC fund and created the LiveKindly Collective, a $1bn roll-up of brands in the alternative protein sector.
The alternative protein start-up has taken its total capital raised to $2bn since being founded in 2011 and raised $700m in 2020.
The Sydney-headquartered fund manager has secured commitments from the Clean Energy Finance Corporation and the SDG Kempen Farmland Fund for its Transforming Farming Platform.