Managing director Pierre Fauvet says the e-commerce platform is looking to partner with local producers interested in building and supporting larger-scale farms across Africa.
New Forests is partnering with CDC Group, Finnfund and Norfund to launch the strategy, its first major foray into the African market.
The vehicle will pursue timberland investments in Ireland and the Baltics as well as permanent crop opportunities in Spain and Portugal.
Soli operated as Shenandoah Growers before a rebranding announced in October, alongside a $120m agreement supporting construction of three indoor farms.
The Teachers Retirement System of Illinois is among the investors in a junior debt-focused vehicle, which a source tells Agri Investor is seeking $500m.
Kilter Rural CEO Cullen Gunn says the mandate proves that GPs with low-carbon investment strategies ‘can gain significant investor support.’
Pierre-Henri Carles says the French firm has already collected €70m from Italian retail investors and expects to reach €100m by the end of 2021 before turning to institutional capital.
BTG’s Timberland Investment Group has partnered with Conservation International for an impact vehicle that is expected to raise $1bn within five years.
Principal Jean-Philippe Syed says European retailers including Carrefour, Lidl and Aldi established multi-year relationships with North African producers following covid-19-related supply disruption last year.
The capital raised will be used to acquire a livestock aggregation in Queensland and two softwood timber supply chain businesses.