Binyamin Ali
The firm is 'seriously considering' a distinct forestry vehicle that would target institutional investors, with its latest series of deals set to take it beyond £100m deployed into the asset class.
Veripath Farmland Partners and crowdfunder FarmTogether, both of which cater to retail investors, have respectively hit AUM milestones of $160m and $100m this summer.
The Canadian farmland investment firm could reach $1bn within three years due to a combination of inflation and low financial market yields, says director and co-founder Stephen Johnston.
The UN body granted its firm direct loan to Nigerian impact enterprise Babban Gona, which has since received commitments worth $23m from other senior debt lenders.
The firm’s latest credit fund benefitted from renewed interest among large LPs and Wall Street banks beating a retreat after their post-GFC ag debt binge.
Managing partner Adam Anders says the sector has hit a ‘sweet spot’ where traditional VC investors, corporates and real estate investors are all paying attention to the space.
The blended-finance impact vehicle was initiated by the UN and has made five investments with underlying commodities such as cocoa, hazelnuts and timber.
The North Carolina-headquartered firm surpassed its hard-cap to close its distinct credit vehicle at $325m and took approximately $115m in co-investments.
The Canadian pension’s venture capital arm made its first agtech investment in June, as it used its direct investment mandate to enter the alternative protein space.
The French asset manager could hit its €300m hard-cap if it continues fundraising, says president and CEO Michel Chabanel, but will instead prioritize launching its buyout and senior debt vehicles.
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