KKR and Baring Private Equity Asia are said to be among the firms interested in bidding for a stake in the company that could lead to a full spin-out.
The three properties, including cattle stations and forage crop-growing land, previously operated as an integrated business.
The US investment firm has also acquired non-genetically modified organised food company That's How We Roll.
The acquisition of Blue Harvest’s Massachussetts fishing fleet is part of Bregal Partners’ vertical integration and growth strategy for the scallop harvester and processor.
The investment comes on the heels of reports that Aqua Capital has launched a second fund targeting $300 million.
Gunn Agri Partners held a first close on its Cattle Fund, which has a final target of A$300 million, in February, and is seeking more opportunities in the Queensland area.
The UK’s Royal County of Berkshire Pension Fund has become one of the few UK pension funds to commit to farmland by buying five own-and-lease farms in New Zealand and Australia.
The fund will focus on own-and-operate properties growing kiwi fruit, apples and wine grapes.
China Resources Ng Fung has also developed an agent and distribution business for imported foods in China, and will work with New Zealand company Scales to improve its position as an exporter tin the country.
The company plans to produce biofuel from sweet sorghum, which is less subject to market volatility than corn or sugar.