The investment from the Swiss fund will be spread across Stafford International Timberland Fund VIII, co-investments and its first ag separate account.
The South Dakota-based private equity firm is targeting Midwest rowcrop farmland investments on behalf of high-net-worth individuals and family offices.
The fund will seek investments in sustainable food processing and production companies, and agritech businesses across Europe and Australasia.
The $300m fund of funds will target returns of about 20% through investments with mid-market private equity funds in frontier and emerging markets, potentially including agriculture-focused funds.
The firm’s Head of real assets Paul Jayasingha tells Agri Investor that while the firm has yet to find any agricultural funds that meet the Secure Income Fund’s investment criteria, he hopes to in the future.
Fonds agroalimentaire CDPQ will make direct and fund investments designed to support Quebec’s agri businesses, new farmers and established family farmers.
The funding will help Roslin Technologies and university researchers improve the health of farmed animals and raise agricultural productivity through veterinary vaccines and tools for diagnosing disease.
Ultimately, the firm plans to help address the 20 billion pounds of produce that goes to waste each year due to surplus or cosmetic reasons.
The infusion of capital will support efforts to commercialize carinata as a sustainable feedstock for bio jet fuels and animal feed.
With commitments from four new investors – among them AXA and KBC – the impact investor has raised a total of $140m for its agRIF fund.