President Chris Morris says the firm has received more interest from foundations, endowments and other tax-advantaged investors after it passed due diligence with some large investors.
The vehicle has a $200m target and follows on the heals of its $500m Credit Fund II close in 2023.
Managing partner Mark Burgett says E2P's food manufacturing strategy has been aided by the trend among large consumer packaged goods companies to outsource their manufacturing needs.
QIC has backed Pollination’s new venture capital fund, which is aiming for a final close in 2025.
The vehicle received a £50m commitment from the South Yorkshire Pensions Authority to hit the fundraising milestone.
The Queensland-based fund will seek to deploy more capital in its home state, building on existing investments including the QLD Regional Livestock Exchange.
The firm has made early-stage investments in agricultural supply chain start-ups across Europe.
Savills natcap head Alex Godfrey has been recruited to lead the strategy, which will invest in UK assets with afforestation and peatland restoration potential.
The firm has followed up its inaugural $423m fund with a successor that will continue its food and consumer strategy.
The new fund, backed by European Investment Fund, Ikea Foundation and Convex, among others, is one of four ocean-focused funds that have raised a combined $647m.