Managing director Pier Luigi Rossi says his firm is working to consolidate in an Italian market many investors find ‘interesting but scary’ as it seeks $200m for Fund II.
Mandalay Venture Partners has delayed the final close of its first fund; Tenacious Ventures hits A$18 million ($12 million; €11 million) first close and lowers fundraising target to A$50 million; Forbion reaches €75 million first close on its €150 bioeconomy vehicle; Trinitas almond assets are snapped up following bankruptcy filing; and more. Welcome to Field Notes, the start-of-the-week briefing for our valued subscribers only.
While fundraising has been slow, Mandalay managing partner Mark Gustowski says deal flow is strong as the firm prepares to make its sixth investment from Fund I.
Farmland LP’s Craig Wichner says lower prices, water regulation and debt exposure discouraged institutional participation in the auction of almond assets managed by Trinitas Farming before its bankruptcy.
The Clean Energy Finance Corporation has introduced a framework to standardize climate reporting metrics, aiding investors like CDPQ in evaluating sustainable agriculture and forestry investments.
Talk of co-ordinated agricultural trade pressure on China by the US, Brazil and Australia as the PRC stockpiles major commodities is bad news for American farmers and investors.
The Australian climate and agtech-focused venture capital firm has downgraded the target of its second fund from A$70m to A$50m amid trying market conditions, although momentum may be picking up.
The vehicle has a €150m target and will focus on businesses concerned with planetary health.
Proterra Investment Partners eyes equity investments in ‘booming rural America’; Olam and LDC’s tussle for Namoi Cotton gets mired in red tape; BTG sells 8 million carbon credits to Microsoft in 19-year supply deal; and more. Welcome to Field Notes, the start-of-the-week briefing for our valued subscribers only.
Managing partner Rich Gammill says 'rural America is booming' as the firm's $200m Rural Growth Fund makes equity investments in the opportunity pipeline established by its credit strategy.