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The deal is part of a wave of LP secondaries that are being driven by fund investors' desire to get proceeds from older funds.
The firm has carved out an impact niche operating alongside export credit agencies and development finance institutions.
The emerging markets vehicle has received backing from Schroders, KfW, British International Investment and the Nordic Development Fund.
Following the sale of ‘Project Avomond’, Folium will transition from development manager to operating manager for the remaining assets in Agriculture Fund I.
World Fund's debut vehicle closed on €300m, with backing from the European Investment Fund, KfW Capital and BPI France, among others.
A group of investors debated the merits of considering nature-based solutions as part of an infrastructure portfolio, arguing that stable long-term offtake backed by real assets could make it a close fit.
The firm has entered into a JV with South Yorkshire Pension Authority, which has curated the 21,000-acre asset over the last 40 years.
The firm has invested more than €2bn in timberland for Munich Re Group since 2009 and has built up a 400,000ha portfolio.
Seviora Capital’s T3F strategy has raised $173m to date for a 10-year closed-end fund focused on early-stage investments in agri-food companies across APAC.
Chief executive Alex Finkral says the firm’s Sumitomo-backed debut fund takes a broad approach to generating returns but neglecting carbon would mean 'you are probably doing your investors a disservice'.