A glut of investors seeking exposure to timber has pushed up acquisition costs, according to Brookfield's Reid Carter, leading the asset manager to shift to a more opportunistic strategy.
The fund currently has $182.2m in committed investments according to SEC filings.
TIAA’s recently launched asset management business is partnering with California-based AGR Partners to raise $600m for agribusiness investments.
Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital joined Abraaj in the funding round for fresh food online supermarket BigBasket.
The firm also plans to launch an international intensive fish farming fund, A3F Aquaculture.
The fund will focus on own-and-operate properties growing kiwi fruit, apples and wine grapes.
The firm has also opened an office in Boston, which it says makes its fund the first independent food and agriculture fund with a presence in both Europe and America and the largest in Europe.
Aquila Capital will hold a close on its forestry fund, Aquila Sachwert Basisfonds I, in the middle of the year, and is looking at satellite investments in Latin American countries like Uruguay.
The fund aims to shield Glanbia Co-operative Society dairy suppliers from market volatility.
The Chinese agribusiness is raising a 3bn yuan fund, and is also seeking $450m through Hosen Capital.