BTG closes LatAm timberland Fund II on $1.24bn; ADQ is moving fast to establish a year-round multi-crop platform at Unifrutti; the $8.2 billion Bunge-Viterra merger runs into trouble in Canada; Bluefront Equity launches Fund II with $50 million already banked and more. Welcome to Field Notes, the start-of-the-week briefing for our valued subscribers only.
Gerrity Lansing says positive investor sentiment around Latin America has returned to a level last seen around 2015, when the firm closed BTF I on $860m.
Unifrutti chief executive Mohamed Elsarky says the global fresh fruit platform being built in part to strengthen the UAE's ‘food resilience’ is all about establishing scale.
David Gould says his move from agribusiness to farmland comes at a time when interest rates and stress in other sectors is starting to bring investors’ attention to real assets.
To address Europe's 'Series B Death Valley' for climate tech companies, World Fund has set aside €200m of its new €300m fund for follow-on investments in its best-performing companies.
The seafood value chain fund has a $150m target and has welcomed Cambridge Associates as a new investor to the strategy.
The biological inputs pioneer has been sold for parts after failing to raise further capital, but it was still considered an important strategic acquirer as recently as September 2021.
The European Investment Fund has anchored the Article 9 impact fund, which will provide senior debt to agricultural businesses using sustainable practices.
Farmland prices in the two countries have been on an unbroken upward trajectory since Q4 2020.
The deal is part of a wave of LP secondaries that are being driven by fund investors' desire to get proceeds from older funds.