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The US private equity firm has sold its remaining stake in the Chinese dairy company, raising about $80 million on the Hong Kong stock exchange.
The Swedish pension fund is pursuing a more direct co-investment route for its timber exposure, having spent the past 10 years investing predominantly via third-party funds.
The Swedish pension provider wants to increase its allocation to non-listed real estate, of which agri and timber are a part, to 15% over the long term.
The private equity firm is again backing agribusiness in China with a view to improving food safety, having purchased a stake in Fujian Sunner, a vertically integrated chicken meat producer.
Zambia’s biofuels industry is gathering momentum as the country’s stability, access to resources and alternative fuel demand makes it an attractive investment destination, according to a local banker.
Asia Plantation Capital may list its investment management business and its own forestry assets but some $500m of third-party AUM would remain private.
China rice farmer
The Chinese private equity firm has acquired a 20% stake in China’s Chery Heavy Industry.
The US pension fund has increased its agri exposure, investing $30 million in New Zealand-based Southern Pastures.
The Larta Institute will use endowment funds to invest in start-up companies alongside its venture capital partner.
The UK venture capital firm led a A$6 million Series C investment round into Agworld, an Australian agdata software company. Agworld is now focusing on entering the US market.
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