Fundraising

Mitsui said the commitment would help it achieve net zero emissions by 2050, potentially offsetting more than 10m tonnes of CO2 emissions.

The Sydney-headquartered fund manager has secured commitments from the Clean Energy Finance Corporation and the SDG Kempen Farmland Fund for its Transforming Farming Platform.

Kilter Rural CEO Cullen Gunn says the mandate proves that GPs with low-carbon investment strategies ‘can gain significant investor support.’

The capital raised will be used to acquire a livestock aggregation in Queensland and two softwood timber supply chain businesses.

Packhorse Pastoral Company, whose thesis revolves around ‘Australian land for Australian investors,’ is raising more capital to fund two property acquisitions.

Packhorse Pastoral Company, which is targeting A$1.5bn in total for its first fund, has made a strong start after just six weeks of fundraising.

The firm’s latest credit fund benefitted from renewed interest among large LPs and Wall Street banks beating a retreat after their post-GFC ag debt binge.

Managing partner Adam Anders says the sector has hit a ‘sweet spot’ where traditional VC investors, corporates and real estate investors are all paying attention to the space.

The $750m vehicle follows the same buy-and-build strategy of its $433m predecessor and is likely to attract LPs from Europe and the Middle East as well as North America.

Packhorse Pastoral Company’s A$1.5 billion fundraising goal is ambitious – especially as it wants to raise it all from Australian investors.