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Black River Asset Management, the private equity arm of agribusiness giant Cargill, has sold its 26% stake in AgriNurture, a Philippines-based distributor and exporter of fruits and vegetables, at a significant loss.
The S$550m fund launched in November was initially seeking S$400m.
Rikard Kjörling joined the fund in 2007 to head the newly-created unit.
The new fund will target both international and domestic investors and has already begun fundraising.
Nigeria has called on foreign investors to invest in its large agriculture sector, as it looks to reduce its reliance on imported foods and expand its exports beyond oil.
The challenges of agri investing in Vietnam, the role of China and the next stage for Loc Troi were among topics covered in a recent chat with Mekong partner Chad Ovel and deal leader Thu Ha.
The US private equity firm has sold the California ranch, which supplies naturally-reared pork to Chipotle Mexican Grill restaurants, after nearly doubling its business.
TVS Capital has sold its stake in DCB Bank, a commercial bank with a focus on rural lending to farmers and agribusinesses.
Omnivore Partners, an agtech-focused Indian VC firm, will soon make the final investment for its Fund I and head back to market for Fund II.
ACAP made investment into a certified organic herbs producer alongside food and agriculture equity groups Middleland Capital and S2G Ventures.