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The company said its lack of scale in Brazilโ€™s ethanol market drove the decision to sell off the production facilities and sugar plantation.
The new fund held its first close last year, and will return water to the wetlands in years of more supply.
Located in Southern Australia's Fleurieu wine region, the family-owned estate exports about half of its bottled wine to China.
Canadaโ€™s forage export market could grow on the back of Chinese and Saudi Arabian demand.
A glut of investors seeking exposure to timber has pushed up acquisition costs, according to Brookfield's Reid Carter, leading the asset manager to shift to a more opportunistic strategy.
Sustainable agri-focused JB Equity has hired Bor Boer to oversee the investment firmโ€™s expansion efforts in Asia, Europe and Latin America.
Australia's Plant Biosecurity Cooperative Research Centre puts the cost of fruit fly at A$300 million a year.
Read, a former CIO at CalPERS and Kuwaitโ€™s GIC, is the latest addition to the sovereign wealth fund, following the appointment of a new CEO in October.
The fund currently has $182.2m in committed investments according to SEC filings.
The vehicle has attracted $950m of commitments to date, and is set to close on its debut investment.
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