Binyamin Ali
Choosing to participate in a project that will increase productivity, fight climate change and deliver a return to investors is ‘a no-brainer’, says FarmTogether CEO Artem Milinchuk.
The French private equity firm is a longstanding investor in food and beverage companies and counts drinks bottling company Refresco as one of its portfolio companies.
Astanor partner Hendrik Van Asbroeck says the investment marks ‘the beginning of a strategic partnership to help v2food expand into the European market.’
The value of Australian farmland grew for the seventh consecutive year in 2020, as the median price per hectare increased by 12.9% to reach A$5,907.
The world of agricultural private market investments has had a strong start to the year, with one of biggest fund closes in the past couple of years and significant SPAC transactions.
Funds managed by Global Forestry Partners first invested in the 24,000 hectare estate in 1999 and will now be managed by British GP Gresham House Forestry.
The Chicago-based start-up plans to launch its products across the US in 2022 and wants to use its established bases in Singapore and India as a springboard into the continent.
Managing partner GianPaolo Potsios said the firm was forced to ‘leave some money on the table’ because of due diligence restrictions but was able to secure roughly $120m from new investors.
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.
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