Timber cutting
Pope Resources subsidiary Olympic Resource Management has raised $388 million for its fourth timber fund, which will target acquisitions in the Pacific Northwest.
The subsidiary of Canadian financial holding company Fairfax Financial Holdings Limited completed its IPO and acquired an indirect 42.2 percent interest in AFGRI, a South African agricultural services and food processing company.
Kenyan startup FarmDrive, the developer of a credit-scoring app for mobile phones connecting smallholder farmers to financing, has raised funding of an undisclosed sum from the Safaricom Spark Venture Fund.
Agribusiness Latin America Fund II will primarily target investments in Brazil, with plans for secondary investments in Argentina, Peru, Chile and Colombia.
Sathguru Management Consultants has announced plans to raise a $100 million accelerator fund to support early-stage ventures leveraging technology to address food, nutrition and agricultural issues in India.
The investment brings Irving, Texas-based Tillridge to more than halfway towards the fund’s $750m target.
Close to half of the investors in the Asia-Pacific region expect to increase their private equity holdings, while around a third of investors in Europe and the US are planning to increase their allocations to the asset class.
An impact fund focused on Ugandan agribusiness and supported by the European Union is nearly halfway towards its final target of €25 million.
Agri-Vie Fund II will support mid and low cap companies across the supply chain in Sub Saharan Africa.
The second offering from Agricultural Capital Management is more than half way towards its $400m target on a fund targeting blueberries, citrus and hazelnuts.
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