The Malaysian firm’s Fund V was generating 8% net IRR as of September last year.
The firm is set to complete two deals ‘in the short term’ as it progresses towards a $500m final close in March or April next year.
Bill Reiman, a managing director at the REIT, warned that some organic farmers could ‘take a pretty good hit’ in the next economic downturn.
The $3.35m investment with Citrum will go towards rehabilitating banana production at a farm that is now growing grapefruit and oranges.
The French agri-business stalwart has backed a Spanish coconut water business through a vehicle managed by MCH.
The US growth capital firm, which aims for net IRRs of about 30%, had led Blue River’s $17.5m Series B funding round in 2015.
The US farmland REIT paid $5.4m to purchase White Hawk Vineyard, a California winery where the company hopes to more than double production.
The Japanese trading house bought a further 49% of Master Fruits through its Dole subsidiary as it targets Europe’s €4.9bn frozen fruit and veg import market.
The agroforestry vehicle, which targets 10-12% net IRRs, has sealed its fifth deal two years after closing.
The $10m loan will support National Fisheries Developments’ addition of a new vessel as part of ongoing efforts to increase employment in the South Pacific nation of 635,000 people.