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MIRA closes third ag fund on A$1 billion hard-cap – exclusive
Macquarie has closed its third fund, which was established in 2017 to invest in row cropping and permanent cropping assets, with deployment well advanced.
Nuveen targets $2.4bn for first open-ended farmland fund – exclusive
The vehicle secured $100m from the Vermont Pension Investment Committee and will aim to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.
Smith Agri International launches A$200m Australian timberland fund – exclusive
The firm is launching its first managed investment fund, a 10-year closed-ended vehicle targeting an IRR of 8-18% that will invest exclusively in Australian timberland.
Kilter Rural CEO: Environment can benefit from ag investing
Cullen Gunn says investing in agriculture and improving the environment can be achieved simultaneously as his firm continues targeting A$500m for its Australian Farmlands Fund.
Phatisa sells stake in Meridian Group as fundraising for second Food Fund continues
The Africa-focused firm says it has identified $200m of opportunities for Phatisa Food Fund 2, with some transactions at the due diligence stage.
Advanced aeroponic technology start-up LettUs Grow secures £1m funding
The business will focus first on growing leafy greens and herbs, using a ‘smart’ system for indoor farms, to produce more using fewer resources.
Kilter Rural sells 50% stake to Regal Funds Management and launches A$250m farmland fund
Regal will also help raise funds for the Kilter Water Fund, while two of its directors will join Kilter’s board.
TRSL backs Apollo natural resources fund with $75m commitment
Teachers’ Retirement System of Louisiana deputy CIO Maurice Coleman tells Agri Investor the vehicle’s strategy includes agriculture among its target sectors.
Diversity is the new ESG
GPs may be reluctant to think about diversity in their own teams; at some point they will not have a choice.
Taiwan’s first domestic infra fund eyes agri investments
The fund has already raised more than $250m, mainly from Taiwanese life insurers, and will focus on attracting commitments from public pension funds over the next year.
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