The vehcile attracted investment from a wide pool of LPs including sovereign wealth funds, pensions and family offices as it hit its $175m target within three months of launching in 2021.
The growth and agtech vehicles have received strong interest from North American institutional LPs, with LACERA having already committed $100m to the funds.
The state passed a motion in March allowing cell-cultured meat producers to conduct tasting sessions, but sales of cultivated meat and dairy products are still prohibited in the EU.