Fund Structure

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.

The $11.6bn pension’s chief investment officer Carlos Borromeo says the two firms were selected from a list of seven in a search to fill a farmland allocation added for diversification.

Co-Founder Trent Yang says agriculture could account for about 30 percent of the firm’s sustainability strategy, which seeks mid-teens returns.

Packhorse Pastoral Company, which is targeting A$1.5bn in total for its first fund, has made a strong start after just six weeks of fundraising.

Managing partner David Taiclet says the firm’s early agtech investments helped attract institutional capital to its $169m Fund II, while interest in its $88m RBIC was not limited to Farm Credit System institutions.