Daniel Kemp
The $38bn pension fund aims to deploy around $1.4bn through GPs in PE, infrastructure and real estate, using a ‘co-GP model’ that brings in local partnerships.
KKR will invest in ProTen through its second pan-Asia infrastructure fund, calling agricultural infrastructure a ‘high-conviction thematic.’
Damian Graham will move to London at the end of 2025 to take on the role, with current head of international Damien Webb moving back to Sydney as planned.
New Agriculture, a division of New Forests, will target an IRR of 9-12% in the 12-year closed-end fund.
The sale of ‘Kentucky’ by Duxton continues its pivot away from dryland cropping, with Mormon-owned Alkira Farms growing its portfolio further.
Paper manufacturer Oji will invest nearly $300m into the Future Forest Innovations Fund, mainly targeting investments in Southeast Asia, Latin America and Africa.
The scheme is the first time the CEFC has provided concessional financing to support the generation of carbon credits.
BII’s Srini Nagarajan says that SE Asia ‘requires more blended finance’ to support the asset class’ development.
Future Fund will appoint a new executive director, energy transition, and assess new strategies for further investment in domestic infrastructure.
The amount of agricultural land with some level of foreign ownership fell by just 0.3% in 2023, far less than the 10% fall seen in 2022.