Commentary

Butterfly
As natural capital strategies show potential for greater returns around the world, Australia and the UK are emerging as leading markets.
Forestry
The asset class saw the close of the largest private market fund to date in 2025, as investors continued to find room for allocations.
Climate Fund Managersโ€™ $1bn close showed why the structure is important to climate finance, while the slowdown in debt-for-nature swaps demonstrated its vulnerabilities.
Fruit and veg
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.
Woman hand with potato plantations grow in field. vegetable rows. farming, agriculture. Smart farming and precision agriculture 4.0. modern agricultural technology and data management to industry farm
From Saudi Arabiaโ€™s multibillion-dollar agriculture push to Brazil-led blended finance platforms, food security is emerging as a primary driver of agricultural investment.
Forest canopy
Helsinki-listed private equity manager CapManโ€™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 firm's new government and policy function reflects a growing belief that regulatory change will shape return pathways across food and agriculture.
US and China flags covered with soybeans
President Trumpโ€™s tariffs have curbed US farm exports and increased its subsidy burdens, while Southern Hemisphere countries like Australia and Brazil stand in strong positions for expansion.
Refrigerated Truck
McWinโ€™s structural commitment to invest in restaurants as well as the venture tech they need to evolve may be giving the firm an edge in the journey towards commercialization.
Soybeans
Amid the ever-present talk of AI at New Private Markets' New York Forum, Kat Taylor's unexpected song โ€“ and her argument for regenerative ag โ€“ brought investors back to the pressing issues of the day.
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