Fundraising

TSSP has teamed up with SLM Partners and Midwestern BioAg on a fund that will pursue opportunities created by events such as the introduction of SGMA.

The fund will pursue a buy-and-lease strategy and will also target development projects that could deliver IRRs of ‘50-60%’, said a founding partner.

Despite a small drop in overall venture capital investment into agriculture and food technology startups, market segments such as alternative protein and regions such as Europe and LatAm registered strong fundraising performance.

The AGRI3 fund is a sustainable agriculture and forestry fund and could become the largest climate mitigation fund in the market. What can investors and GPs learn from its structure?

CEO Michael Gilbert said the agtech firm's profit-making status puts it in a position to acquire companies that will 'close the loop on risk mitigation and decision-making.'

Equinom founder and CEO Gil Shalev says the firm’s naturally-bred yellow peas will have as much as 50% protein content.

Managing partner Nik Dilks said the size of EIP’s Fund IV meant larger LPs could make commitments, which helped the firm hit its hard-cap.

The move comes after two failed follow-on fundraising attempts and a raft of senior departures over the years.

The fund will focus on deals averaging $20m to create a portfolio of row and permanent crops with its first four investments targeting permanent cropland in California.

Chief investment officer Geert Peetermans says the change reflects a natural evolution towards investor-favorable structures within the rapidly developing impact investing market.