Fundraising

Bo Masole and Zee de Gersigny, co-founders of Victus Global Capital, talk to Agri Investor about their vision behind the impact investment firm and the $50m agri fund they’re raising.

The Western Australian Farm Investment Fund will focus on WA grain assets that will be sourced and managed by Planfarm.

With commitments from four new investors – among them AXA and KBC – the impact investor has raised a total of $140m for its agRIF fund.

The National Farmers’ Federation and the boutique investment firm have already committed A$121m of the fund’s capital and expect a first close end of June.

The NGP Capital-spin out has raised just over half of its $750 million target on its second fund, according to a recent SEC filing.

AgCap has hired CBRE to sell the fund’s assets following a unanimous decision by its foundation investors, which include AustralianSuper and AMP Capital, to exit the fund despite double-digit returns.

The National Institute of Food and Agriculture has announced four grants to combat citrus greening disease, which has led to a 75 percent decline in Florida's $9bn citrus industry since it was first detected there in 2005.

At ACG New York’s monthly luncheon in Manhattan on Thursday, speakers identified debt funds as both the fastest growing and most sought after vehicles by institutional capital.

The 10 largest fund closes last year raised $92bn, surpassing the $86bn in 2015 and showing the asset class continues to attract capital in a low-growth environment.

Paris-headquartered Céréa Partenaire has raised almost €700 million to invest in Western European agribusiness through its buyout, mezzanine, and senior debt arms, sister publication Private Equity International reported.