Singapore’s Oversea-Chinese Banking Corp and its asset management unit Lion Global Investors have closed a S$550m private equity fund to invest in agriculture and commodity companies across Asia.
Stafford Capital Partners will invest in dairy, beef and row crops, and is splitting its commitments between primaries, secondaries and co-investments.
Agribusiness and natural resources are among the sectors for which 67 Africa-focused funds are currently raising capital, according to PEI data.
The new fund, solely focused on the New Zealand dairy market, is targeting NZ$350m, with a final close to take place in the first quarter of 2016.
The Small Enterprise Assistance Fund (SEAF), the impact investment fund manager with investments in over 33 countries, is gearing up to launch a new $100m India-focused agri fund.
Integrated Ag will invest in distressed and underutilised farm properties and underlying farm businesses in states like Arizona and Nevada.
Stafford Capital Partners, which invests in timberland through funds of
funds, has added global agriculture to its investment strategies, saying it intends to replicate its successful timberland model.
The project, whose backers include ex-Shell chairman Sir Mark Moody-Stuart, aims to raise $28m over the next two years.
MLSCF II is aiming at November this year for final close, with its target set at $200m to $250m.
Yield Lab is one of four accelerators in Cultivation Capital's portfolio.