The open-ended farmland investing vehicle has raised $649.7m since launching in 2006.
South Dakota-based Novita Nutrition has begun commercial level production of NovaMeal and NovaOil, its animal nutrition products derived from a corn ethanol-production byproduct.
The outlook for Brazil’s sugar and ethanol sector remains bleak, Fitch says, with more defaults and bankruptcy filings expected.
The fund should back private sector fund managers and speed the commercialization of emerging agri tech and practices in the country.
The $30bn pension has committed $75m to a food-focused fund managed by KKR spin-out Butterfly Equity.
The UN organizations will devote $8.7m to creating plans to help strengthen rural communities and agricultural competitiveness in the country.
The total amount raised by the Nigeria-focused agri impact fund could hit $76m if an additional investment by Germany’s KfW Development Bank is approved.
Scale and predictable returns are key to increasing institutional investment into agriculture, LPs at Agri Investor’s Australia Forum said.
Private equity can respond to consumer demand by helping encourage adoption of new technologies and conversion of conventional farmland to organic production, according to Rabobank.
Investors in the Kansas-based commodity trading and transportation company include Chinese private equity firm New Hope Group and Australian real assets giant Macquarie.