The US development bank's capital will be used for small and medium agribusiness loans that ultimately benefit smallholder farmers.
Halderman, an agri-focused general partner whose institutional clients include the New Mexico Education Retirement Board, has merged with Hageman Group-backed US Agriculture.
The Singapore-based agribusiness company will invest the money in processing facilities in India and Nigeria that source produce from smallholder farmers.
The government funding comes on the heels of an $8 million commitment from a high net worth group.
Finistere is targeting Australian high net worth individuals and corporates for its Fund II.
Reid Carter of Brookfield timber is leading a group of high net worth investors in a precision agri company that aims to reduce pesticide use on tree crops.
The fund, which will invest in Central Asia’s agricultural sector, is expected to reach a final close by late 2016.
The grant, allocated to AGRA's Micro Reforms for African Agribusiness in Nigeria project, will help farmers access the value chain.
The vertical farming business plans to expand into China, to access a health-savvy middle class amid food security concerns.
The new fund held its first close last year, and will return water to the wetlands in years of more supply.