Fundraising

Paper manufacturer Oji will invest nearly $300m into the Future Forest Innovations Fund, mainly targeting investments in Southeast Asia, Latin America and Africa.

The SVG Ventures Sunrise Fund will make early-stage investments with a typical check size of $500,000-$1 million.

Tokyo Gas will use the carbon credits generated by the fund to implement its decarbonization strategies.

Africa-focused Helios Investment Partners has raised around $200m for the fund, which will invest in ‘climate-smart agriculture and food’, among other sectors.

Seviora Capital’s T3F strategy has raised $173m to date for a 10-year closed-end fund focused on early-stage investments in agri-food companies across APAC.

New Forests’ second Tropical Asia Forest Fund has ended up raising less capital than its predecessor, which closed on $170m in 2012.

Chief executive Kevin Schwartz says commitments from the firm’s largest existing LPs grew by as much as 50% and played a key role in pushing Food Chain Fund VI beyond its $1.5bn target.

Private impact credit strategies in emerging markets are ‘resilient, uncorrelated to the broader market,’ amid the fundraising squeeze, Blue Earth head of credit Amy Wang says.

The Australian vehicle has been preceded by a separate account worth ‘more than A$100m’ that is implementing a similar strategy and is about to close on two NSW properties.

Partner Christina Ulardic says many of the firm’s existing investors returned to back the firm’s second flagship vehicle.