The funds were pooled from members of the Farm Credit System, a nationwide network a group of banks and lenders chartered to serve agriculture and the US rural economy.
The South Dakota-based private equity firm is targeting Midwest rowcrop farmland investments on behalf of high-net-worth individuals and family offices.
“Prior to the cyclone, crop expectations were some of the best seen in years,” Nick Waters, investment director at Blue Sky Alternative Investments, told Agri Investor.
The commitment to the food start-up fund marks the third investment made by Danone’s newly-established venture capital unit.
The investment in second vehicle from Agricultural Capital Management marks the first agricultural investment for the $15.6bn pension.
John Ritter’s stint at Teacher Retirement System of Texas coincided with its investment into row and permanent crop farmland-focused Teays River.
Nearly the entire $28.4 million in loans the impact investment firm approved in March went to support companies operating in the agribusiness and food-related sectors in emerging markets.
“The recovery in agriculture and mining will drive growth this year,” according to a statement from the organization.
The private equity aggregate net asset value continues to expand, fueled largely by increasing dollars coming from US individuals, sister publication Private Equity International reported.
Moringa investment director Guillaume Maillard describes the links between agroforestry and impact, the evolving approach to impact investing among European family offices and what staffing an impact focus can entail.