Fundraising

Select Equities hopes to raise A$100m from a majority of domestic investors before listing the Bio Fund at a 20% to 40% premium. We zoom in on the mechanics of the 'private-to-public' vehicle.

IDeA Agro has raised around 80% of its €100m target from a clutch of institutional investors. MD Gianandrea Perco tells Agri Investor why he thinks a successor fund could be much bigger.

The IPO will help allay fears among private equity and institutional investors that the lack of legal consensus on cannabis creates financial risk, president George Allen tells Agri Investor.

Laguna Bay Pastoral Company boss Tim McGavin says the firm will probably launch a successor vehicle to its A$280m Australia and New Zealand-focused fund 'in the next year or so.'

Following its $200m acquisition of JBS USA’s feedlots in January alongside Ospraie, the New York-based firm has raised additional capital for cattle investments from a single investor.

The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.

Chief executive Chris Venter tells Agri Investor the company, which financial backers took private four years ago, could seek to co-invest with institutions to seal strategic acquisitions.

The A$100m vehicle has also received significant interest from two overseas investors and a flood of solicitations from potential tenants, its managing director tells Agri Investor.

The $14.3bn pension was also an investor in the previous $893m iteration of the Paine Schwartz Food Chain Fund, which is seeking $1.2bn for the fifth vehicle in the series.

Criterion Africa Partners, a Maryland headquartered firm comprised of the team formerly behind Global Environmental Fund’s Africa Sustainable Forestry program, is targeting $150m for the team’s second vehicle.