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The North Fork biogas plant uses forest biomass sourced from restoration and fuel-reduction activities on local lands.

The public pension fund will vote on the commitment on April 28 adding to a growing real return portfolio.

Farmland and agribusiness investment manager Teays River is set for $500m of new commitments after MainePERS approved a $200m commitment and Washington State Investment Board is set to vote on a further $300m later this week.

The fundraise comes shortly after Helios Investment Partners and Development Partners International also successfully raised capital for Africa.

Southern Pastures, the New Zealand dairy fund, has closed on $300 million after getting commitments from 100% institutional investors.

Privateer Holdings has raised the round from a mix of family offices, high net worth individuals and institutional investors including PayPal's Peter Thiel.

The USDA's National Institute of Food and Agriculture has awarded 21 grants totalling $10m to universities across the country to support solutions for critical water problems in rural and agricultural watersheds.

Indian venture capital firm Omnivore has invested $1m into Ecozen Solutions, a campus start-up from a tech institute, which is working on using solar power in the agri supply chain.

The pension is making the allocation as part of its real assets direct and co-investment programme.

The Californian drone technology company has raised $9m in Series A funding following an earlier seed round last year. It is the third drone company to raise capital in a month.