Binyamin Ali
The seafood value chain fund has a $150m target and has welcomed Cambridge Associates as a new investor to the strategy.
The European Investment Fund has anchored the Article 9 impact fund, which will provide senior debt to agricultural businesses using sustainable practices.
Farmland prices in the two countries have been on an unbroken upward trajectory since Q4 2020.
Managing partner Matt Leeds says he has ‘dreamt for years that Firehook would be Forward’s first investment’ as the firm begins deploying its $425m vehicle.
Research from Cushman & Wakefield says the region has been a good store of value for more than a decade and has numerous tailwinds in its favor.
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.
The traditional agrifood and forestry fund managers and investors rose to the top in 2023 after climate buyers muscled their way in the previous year.
The debut forestry fund surpassed its $200m target and will be deployed exclusively in Paraguay.
World Fund's debut vehicle closed on €300m, with backing from the European Investment Fund, KfW Capital and BPI France, among others.