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The Paine & Partners investment in UK dairy Meadow Foods appears to be the first from a US private equity firm since Britain's Brexit vote.
Agriculture, food and retail will be top priorities for the Sino-Russian vehicle, which will also target mining and infrastructure investments.
The bank has seen an increase in agriculture collective provision overlay this year due to depressed dairy markets, but has reduced the level of assets 90 days past due in Australia.
Australian impact investment firm Blue River has carved out agribusinesses as one of eight areas it believes its investments can have positive social impact.
The ADB is helping Saikexing increase China's safe, domestic fresh milk supply after a scandal in 2008 increased demand for imported products.
Impact investment firm Gratitude Railroad is targeting $40m to invest in organic dairy and beef operations in the US south-east.
Global commodity food prices fell in July, after six months of modest gains, according to the FAO.
The Mauritius-based firm has already made three investments in India from the food and agri fund.
KKR India director of capital markets Tashwinder Singh tells Agri Investor how his firm used local financing pools, including its non-banking financial company KKR India Financial Services, to invest in a structured deal in value-added dairy company Kwality.
The firm's investment into Indian dairy shows a strong belief in its potential, but with the need to build procurement infrastructure, it's not a deal just anyone can do.