Europe

Unlike various other ag segments, fishing and aquaculture will continue to suffer as long as populations are in lockdown and restaurants remain closed.

A lawyer involved in one recent sale says NCH’s Romanian land holdings are too scattered throughout the country for a single buyer to acquire them, as was its preference.

Import and export restrictions, logistical delays and the spread of the virus itself are introducing new complexities to food supply chains, says Decernis chief executive Kevin Kenny.

The fund had received subscriptions from institutional investors, private banks and wealth managers, all of which were returned after the income trust's IPO was pulled from the market.

Despite a small drop in overall venture capital investment into agriculture and food technology startups, market segments such as alternative protein and regions such as Europe and LatAm registered strong fundraising performance.

Firm partner Adam Oliver says institutional farmland managers’ efforts to broaden portfolios and diversify risk is helping create interest in the country.

The move comes after two failed follow-on fundraising attempts and a raft of senior departures over the years.

Chief investment officer Geert Peetermans says the change reflects a natural evolution towards investor-favorable structures within the rapidly developing impact investing market.

Cofounder Steven Dring says the start-up expects to reach its target 'pretty soon' and is working on building out a new cohort of hydroponic farms with partners.

The firm's first two funds have almost raised a combined $250m from family offices and will invest in Norwegian ag and energy companies before exporting them to South-East Asia.