Venture capital firm SOSV has closed its first fund open to external investors, SOSV III, at $150 million.
New York-based mid-market firm Gamut Capital Management has raced past the $750 million target for its debut fund to close on $1 billion, sister publication Private Equity International reported.
The $69bn pension fund’s commitment constitutes a quarter of the capital allocated to the $400m vehicle.
The fund, which targets food and agribusiness companies mainly in China, will close above its $400m target.
SJF typically invests between $3 and $10 million into expansion-stage companies.
The fund, which has started investing, is focused on “disruptive” projects that will address climate change, food shortage and agriculture's negative environmental impacts, Ohad Zuckerman, co-manager of the fund with Eyal Cohenv, told Agri Investor.
A regulatory filing from the NGP Capital Management affiliate reveals further progress in fundraising on its second agribusiness fund.
The fund will employ a long-term value add strategy investing in a portfolio of hardwood and softwood plantation assets in Australia and New Zealand.
The AP Investment Fund, focused on real estate investments and lending into the cannabis market, has announced its $12.6m close.
Water Asset Management is raising a $300m fund that will invest in water resources across the western US, Agri Investor has learned.