AMERRA hires portfolio manager as it raises agri fund

The new hire, Thor Talseth, is a seafood specialist who joined this month from Neptune Partners.

AMERRA Capital Management, the New York-based investment advisor, has hired a agri-focused portfolio manager to manage its first pure equity agri-focused private equity fund.

Thor Talseth joined this month from Neptune Partners, an adviser of privately-held mid-market companies, which he founded. Before founding Neptune, Talseth served as the head of seafood department at Arctic Securities, a boutique investment banking firm, and the executive chairman of Aqua Bio Technology ASA.

Talseth said in an email that he will continue to focus on investing in the international seafood and aquaculture industry. He will be based in New York.

Founded in 2009 and backed by long-term institutional capital, AMERRA manages approximately $1.4 billion and has invested over $2.5 billion in the agribusiness supply chain.

As previously reported, AMERRA plans to launch two new funds this year; its third agribusiness debt fund, and its first pure equity agri-focused private equity fund, which is currently fundraising.

The firm closed Fund II a $570 million, five-year vehicle in January 2013. The fund was fully deployed by August 2014. It’s first fund, a $270 million vehicle, closed in mid-2010 and counted Macquarie Bank as one of its investors.