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Placement agent First Point Equity is working with a US-based GP that is raising a private credit fund for farms with liquidity constraints caused by the pandemic.
Founder of ‘crowdfarming’ platform says a need for portfolio resilience and desire to directly source fresh produce from local producers is drawing venture capital investors to sustainable ag.
Investments made by its ag fund – which seeks opportunities created by dislocation, while continuing to distance itself from a ‘special situations’ tag – will be the most telling factor in the strategy’s objectives.
Chief investment officer Geert Peetermans says the change reflects a natural evolution towards investor-favorable structures within the rapidly developing impact investing market.
Lighthouse Finance managing director Howard Tang says the fund will largely look to help finance critical operating equipment for established seafood companies.
Carlyle managing director Taj Sidhu says the loan fits within the Credit Opportunities Fund’s focus on non-sponsored borrowers and will partially be used to support expansion targeting markets in Asia.
Managing partner David Chattleton says for the 'first time in six to seven years' it is an ideal moment to deploy equity, after raising $60m for two ag funds.
Managing director Jonathan Logan says the firm’s debt strategy is focused on the junior loans that few other lenders offer to US agribusinesses.
Managing director Chris Chapman says the senior secured loan to Cooks Venture is one of three debt investments the firm has carried out in North America, where it sees increasing ESG investment opportunities.
ILTA engaged Origin Merchant Partners in March 2019 to solicit interest for a sale of, or investment in, all or part of its assets.
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