Fundraising

The vehcile attracted investment from a wide pool of LPs including sovereign wealth funds, pensions and family offices as it hit its $175m target within three months of launching in 2021.

The growth and agtech vehicles have received strong interest from North American institutional LPs, with LACERA having already committed $100m to the funds.

The firm has returned to market to raise more capital after acquiring its third property, crossing A$100m in assets under management.

British fund manager Gresham House took home the fund manager of the year awards as Sweden’s AP3 won the institutional award.

The firm has linked 100% of its carry to hitting impact goals and will invest in sustainable companies across the food value chain in the OECD.

The two foundation assets for the Warakirri Farmland Fruit are stone fruit orchards that will be leased to WF Montague under a 20-year agreement.

Non-bank lender Thera Capital Management has secured two-thirds of its commitments from outside Australia, gaining traction among investors thanks to ag’s defensive characteristics and ESG themes.

Sydney-headquartered New Forests is targeting $300 million for the vehicle, which will invest in assets in Southeast Asia.

Pollination founding partner Martijn Wilder says the ANZ investment ‘validates the business model’ and will turbocharge the firm’s next stage of growth.

The Australian fund manager describes the close as a ‘good result’ and expects to deploy all of the capital within the next few months.