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Why are US LPs so domestic?

Various indicators suggest institutional interest in agri is on the rise. Yet, so far, the appetite of the asset class’s largest investors does not extend much beyond their borders.

PE-backed Hydrofarm expands north of the border

Six months after receiving equity investments led by Serruya Private Equity, the California-based hydroponics wholesaler has acquired two Canadian companies.

Ecotierra launches $50m sustainability fund, eyes Q1 2018 close

The agroforestry developer has partnered Quebec’s Fondaction and France's Mirova to target projects aimed at mitigating deforestation and land degradation in Latin America.

Canadian government, UBC tackle gas emissions

The government’s C$1.8m investment with the University of British Columbia is one of 20 new research projects supported by the Agricultural Greenhouse Gases Program aimed at emissions mitigation in the ag sector.

CPPIB exits $520m US farmland portfolio

The $258bn Canadian pension sold the chunk in a single sale during the previous quarter, in a move a source says may not reflect a decision to leave the asset class entirely.

VC-backed Freight Farms grows into new markets, moves HQ

The Spark portfolio company is venturing into new business channels as demand grows for indoor farming produce.

Exclusive: Agcapita to close sixth fund on C$8m

Founder Stephen Johnston told Agri Investor that the manager has also raised C$60m for a separate open-ended vehicle targeting institutional investors with a buy-and-lease strategy focused on Canadian farmland.

Bonnefield brings in C$70m commitment for fourth farmland fund

The investment by an unnamed Canadian pension brings Fund IV’s total haul to C$130 million.

OTPP: ‘We view agriculture as an area of growth’

Timber investments from the $139bn Ontario Teachers’ Pension Plan began in 2002, later complemented by an agricultural program launched in 2014. Portfolio manager Stephen McLennan tells Agri Investor about inflation, size requirements and the advantages of a direct investment approach.

Scalability a key agri investor concern: Fiera Comox

Former PSP Investments managing director Antoine Bisson-McLernon says establishing multiple partnerships with local operators is the key to scaling up in a very fragmented global agriculture market.