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Fund Structure
Pollination founding partner Martijn Wilder says the ANZ investment ‘validates the business model’ and will turbocharge the firm’s next stage of growth.
The $71.6bn pension is undertaking a multi-year strategy to replace infrastructure and natural resource equities with private investments.
The Australian fund manager describes the close as a ‘good result’ and expects to deploy all of the capital within the next few months.
Global head of OCIO and fiduciary services Eric Menzer says private ag debt, farmland and timber vehicles are within scope for a 'hybrid' vehicle that also includes investments in public companies.
Mitsui said the commitment would help it achieve net zero emissions by 2050, potentially offsetting more than 10m tonnes of CO2 emissions.
The capital raised will be used to acquire a livestock aggregation in Queensland and two softwood timber supply chain businesses.
The $33bn pension will seek to add permanent crops to a $900m UBS-managed portfolio that includes assets previously managed by Hancock Natural Resource Group.
A trickle of fund managers choosing to link carried interest to their impact and ESG targets is good news for private markets, showing the industry is serious about its sustainability goals.
Portfolio manager Jonathan Braams says the $C118bn asset manager is considering direct and fund investments to expand the role of ag within its renewable resources portfolio.
Packhorse Pastoral Company, whose thesis revolves around ‘Australian land for Australian investors,’ is raising more capital to fund two property acquisitions.