InSoil has enrolled 800,000ha of farmland and expects to deliver 138,000 soil carbon credits in 2026.
Spring Point CIO Margot Kane says the social impact organization's 2019 backing helped prove a strategy that has since attracted $450m from traditional LPs.
Natural capital head Gautier Quéru says the strategy will target agribusinesses supporting bio-based supply chains, with European pensions, insurers and family offices expected to be natural backers.
The corporate-backed impact investment platform has been investing in nature-based solutions such as mangroves and forestry since it was founded in 2009.
The Toronto-headquartered firm secured commitments from private investors and public bodies including Farm Credit Canada and Export Development Canada to surpass its C$100m target.
The vehicle has a $200m fundraising target and follows on from the $260m Anterra F&A Ventures II fund.
The 2023-vintage fund has been backed by institutional investors as well as Export Development Canada and Farm Credit Canada.
The Global Landscape Opportunities fund will invest in forestry, agriculture, infrastructure and processing assets, while also exploring carbon and biodiversity opportunities.
Chief client and investment solutions officer Stephanie Bilo says LP engagement in ag has never been as high across the Americas, Europe and Asia.
The vehicle’s fundraising target has been lowered from €500m to €300m.