Fund Structure

Proterra Investment Partners' Asia arm has grown to the point where it accounts for most of the firm’s AUM and is the focus for the firm’s future growth.

The feed mill is the fund’s fourth asset and the first since the purchase of three foundation assets, all of which have been acquired via sale-and-leaseback arrangements.

Portfolio manager Sameer Jinnah says fund investments and partnerships with the likes of Westchester and Paine Schwartz have supported the C$171.3bn pension’s aspiration to increase direct investments in global forestry and ag.

Investment manager Sapient Capital Partners is targeting a net IRR of 12%-14% for its first dairy fund, which has lined up a seed portfolio of assets in Australia.

Founder Matt Crisp says the plant-based protein supply chain has been the natural ‘proving ground’ for the company’s data and analytics platform, which can also support future food system trends.

The vehicle aims to raise A$500m in its first 12 months, providing loans of A$10m-$150m to counterparties across a variety of commodities.

Private markets co-head Richard Jacobs says the firm aims to raise up to €1bn within the next three years for the open-ended vehicle targeting OECD farmland.

Martin Davies says the market’s move from closed-end funds to permanent capital vehicles has shaped, and been shaped by, the changing nature of LP demand for farmland.

The Melbourne-based GP is targeting 10-12% returns for its new vehicle, building on the 2019 launch of its Diversified Agriculture Fund.

A presentation to the pension details PGIM Agricultural Finance & Investments’ plan to raise $600m from a small number of investors and add to an existing $400m farmland portfolio.