Commodities

The real estate investor is eyeing the food production sector for its potential to mitigate climate change.

Partner Richard Boos says the direct and indirect impacts of issues such as inflation and the Russia-Ukraine war mean raw materials for food products through to packaging and logistics have been affected.

Fundraising in Q1 2022 rose to $3.3bn from $2.6bn in the previous quarter, as the sector built on a record year in 2021.

Rhode Island is the latest state to reach its maximum number of commitments halfway through the year.

AC Fund3 will target low to mid-teens net IRR through a focus on fresh citrus in the US, Australia and Spain that builds upon the firm’s previous experience in permanent crops.

The French energy giant plans to develop carbon credits from reforestation, agroforestry and conservation as part of a national ‘Green Gabon’ initiative as it tries to offset its own emissions.

Annual farmland continues to outperform permanent farmland in the ANREV Australian Farmland Index, driven by high commodity prices and bumper yields.

The firm, co-founded by partners including three former Queensland University of Technology start-up program managers, is seeking up to A$50 million for its first VC fund.

Although methane only stays in the atmosphere for roughly 12 years while carbon dioxide hangs around for up to 1,000 years, it is 25 times more potent and may also be priced.

The firm will pursue a growth equity strategy in North America and has taken commitments from the Canada Life Assurance Company and BMO Capital Partners.