The search comes amid CDC's plans to extend the range of its activities to include direct equity investing and direct lending alongside its fund selection business.
UBS AgriVest's 2006 vintage open-ended vehicle has raised $82.5m of new money over the last year, reflecting modest investment levels, with volatile land prices and increased competition stifling deal activity.
The fund was launched in 2010 and backed by superannuation funds including AustralianSuper, the Australian Catholic Superannuation and Retirement Fund and Auscoal Super.
Farm Dog, an agtech company producing sensors and analytical software for farmers in Europe and the US, bagged $750,000 in seed funding with Lool Ventures leading the round.
Key fundamentals for a strong Australian beef sector including strong international demand, constrained global supply, a depreciating dollar and trade agreements are falling into place.