Fund Structure

The firm has a goal of increasing the size of the 2021-vintage to $1bn but says it is not in a rush to reach the target.

The firm’s new forestry team has a track record of sourcing off-market deals, and its CEO believes it can cash in on LP goodwill to raise capital quickly.

QIC will look to raise and deploy funds for its first natural capital vehicle over a longer time horizon than originally planned, after senior leaders departed earlier in 2024.

Pollination director Tara Davids says concessional capital will be required to develop the investment structures necessary for regenerative agriculture to scale.

While fundraising has been slow, Mandalay managing partner Mark Gustowski says deal flow is strong as the firm prepares to make its sixth investment from Fund I.

The Australian climate and agtech-focused venture capital firm has downgraded the target of its second fund from A$70m to A$50m amid trying market conditions, although momentum may be picking up.

Managing partner Rich Gammill says 'rural America is booming' as the firm's $200m Rural Growth Fund makes equity investments in the opportunity pipeline established by its credit strategy.

President Chris Morris says the firm has received more interest from foundations, endowments and other tax-advantaged investors after it passed due diligence with some large investors.

Director of innovation Heather Thompson says a commitment to Cultivian’s Fund III opened the company’s eyes to the variety of agtech innovation and led to the launch of its VC unit.

Roc Food Fund II will follow a similar strategy to the first fund, with an increased target and greater emphasis on an own-and-operate model.