Fundraising

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.

SJF typically invests between $3 and $10 million into expansion-stage companies.

Water Asset Management is raising a $300m fund that will invest in water resources across the western US, Agri Investor has learned.

McLarty Capital Partners plans to lock down enough capital for the first close of its recently-launched Rural Business Investment Company by mid-2017.

The fund will invest in 10-12 companies selected from over 40 sub-sectors in the agri and food value chain, with an average investment of $15 million.