Binyamin Ali

Capital was deployed from the firm’s sustainable land fund strategy and will help scale the US-based company’s operations in Indonesia’s organic coconut sugar products market.

The full-year figures show agri-food and forestry fundraising registered its second-highest haul in the past five years.

England appeared to have built Europe’s most credible biodiversity market by hard-wiring demand into law – that’s no longer the case.

Climate Fund Managers’ $1bn close showed why the structure is important to climate finance, while the slowdown in debt-for-nature swaps demonstrated its vulnerabilities.

The Kingdom will anchor a permanent crop vehicle and a cold-chain infrastructure fund in pursuit of its goal, and could set fundraising records along the way.

The fund has been anchored by NGS Super, marking the firm’s first commitment from an Australian superannuation fund.

Helsinki-listed private equity manager CapMan’s natural capital unit is in market with a new vehicle and is eyeing energy, biodiversity and conservation for its open- and closed-end forestry vehicles.

The secondaries specialist has rolled up Timberland Funds VI, VII and VIII into the Stafford International Timberland Continuation Fund.

The firm exited the assets from its Dasos Timberland Fund II vehicle, which closed on €234m in 2014.

The vehicle has been backed by investors including CalSTRS, Microsoft’s Climate Innovation Fund and Environment Agency Pension Fund.