Emerging Markets

Urgency surrounding climate change is catalyzing efforts to create new forms of public-private partnership in agriculture that appear set to be developed outside the US.

Head of sustainable food private equity Rik Vyverman says Indonesia is a promising market that shows investors often underappreciate opportunities available in countries labelled as ‘emerging.’

The firm took commitments from LPs including Louis Dreyfus Company Ventures and Yara Growth Ventures.

Move comes ahead of potential intervention by regulatory agencies.

The pair began working together in 2020 when Proterra Asia was raising Food Fund III and wanted support tapping European capital.

With timber imports resuming and discussions over barley tariffs showing promise, there is hope that broader trade barriers will be lifted and that capital inflows can resume.

Cordiant Capital managing director Cédric Garnier-Landurie said ‘even the really good names’ have experienced a squeeze on their revolving credit facilities.

Cordiant managing director Cédric Garnier-Landurie says the business wanted non-dilutive capital to support its growth plans but the firm could make an equity investment in the future.

The sovereign debt restructuring facility seems capable of solving numerous challenges simultaneously but has some way to go before it becomes an easily replicable way of protecting natural capital.

Climate Fund Managers structured Ecuador’s $656m debt-for-nature conversion – the largest in the world – and the firm wants to see more involvement from institutional LPs.