Chris Janiec
The New York-headquartered agribusiness specialists are seeking between $300m and $400m for a vehicle targeting earlier-stage growth equity investments across agribusiness sectors.
The Enhanced Smallholder Protection Programme will look to encourage Zambia’s 61,000 smallholder farmers to transition from subsistence to market-oriented agriculture.
Inputs are likely to be the focus of agricultural investments from the Denver-based firm’s new vehicle.
The $60m vehicle is the third farmland fund from the Iowa-based firm, which is also active in pork and Brazilian ethanol.
Agro Merchants Group says the deal underscores the importance of Poland and Eastern Europe as key markets poised for expansion.
BTG hopes to raise $200m annually to build a diversified US timber portfolio, in part from assets within funds raised in the mid-2000s now reaching the end of their lives.
Agriculture is among the target sectors for Horizon Capital’s Emerging Europe Fund III, designed to support export industries in Ukraine and Moldova.
The vehicle will target net returns of 15% over its 12-year life with agriculture to account for up to 20% of investments.
The Los Angeles-based cannabis investor has launched its second fund shortly after closing its first vehicle below its original $100m target.
Two Dutch government-linked entities have collaborated to provide a $4m loan supporting efforts of smallholder farmers in northern Nigeria to boost yields and adapt to climate change.