The US public pension giant has committed $250m to a separate account managed by Wood Creek as well as $50m to ACM’s ‘permanent crops’ fund, which aims to raise $250m.
The two international organisations have launched a $19 million programme to assist smallholder farmers across the poverty-stricken country
The country’s largest superannuation fund has sold a 2.5 percent stake in Kaingaroa Timberlands.
The Nigerian government made two commitments to the fund that is targeting $100m to provide agribusinesses in the country with growth capital.
Farmers are increasingly looking for investment from institutions and family offices to finance generational changes in farm ownership, according to a recent study by Aquila Capital.
The farmland portfolio sold for $115 million and ends the nine-year life of Assiniboia’s listed vehicle.
Danica Pension is the latest LP to join the platform, preferring direct investment to committing to a fund.
Canada is the biggest investor in Australian agriculture followed by the UK and the US, according to a recent Parliament research paper.
The unique investment approach is establishing itself as a key driver of agriculture investment in the Indian economy.
A $5m investment into a Kenyan flower exporter represents one of the $100m Fund I's final deals, as the firm readies a first close for Fund II.