The investment firm hired former Goldman Sachs and JPMorgan professionals to focus on real assets in its San Francisco office.
Colin Butterfield, who managed Brazilian farmland investments for a TIAA-CREF and Cosan Alimentos JV, will lead the university endowment's natural resources strategy.
The commitment to the food processing and marketing-focused fund follows a $100m investment from Massachusetts Pension Reserves Investment Management Board.
The ADB is helping Saikexing increase China's safe, domestic fresh milk supply after a scandal in 2008 increased demand for imported products.
The fund has made over half of its investments this year in agriculture-related businesses, targeting developing economies in Asia, Africa and Latin America.
Apollo is still building on its platform Pinnacle, which acquires and scales up agri inputs businesses, but will look opportunistically at other agribusiness assets with its latest fund.
Impact investment firm Gratitude Railroad is targeting $40m to invest in organic dairy and beef operations in the US south-east.
The decision to appoint Stephen Thompson chief investment officer is a sign that the company will quickly build up its retail and downstream capacity.
The firm has raised $264m for its latest vehicle, which will invest in agtech, healthcare, advanced manufacturing and transport companies in the US and Europe.
The sale of Australia's largest collection of mango orchards will include a long-term lease with its new operators.