Livestock

The private equity firm moves into agriculture, while keeping its wider focus on data and technology.

The new additions bring on-the-ground PE experience in Africa and knowledge of large-scale deal execution.

Landowners and industry insiders say new grants could help raise kangaroo production standards, helping open up new markets in Asia and stoking hopes that Russia could re-ignite its appetite to import the meat.

Obvious Ventures, the VC firm set up by Twitter founders Evan Williams and Biz Stone, is understood to be the investor.

Farmer shareholders overwhelmingly approved the sale of half the company to the subsidiary of Chinese state-owned Bright Food in return for a NZ$261m capital injection.

UBS and Bill Gates are among the backers in the Series D round for the start-up which is making meat and cheese from plant-based proteins.

The annual meat production of Brazil and Argentina, and 15m hectares of farmland, are needed to cater for increased Chinese demand for meat over the next decade.

The Chinese oil producer is teaming up with British Virgin Islands registered Genius Link Capital to submit a second-round bid for Australia's largest private estate on October 27, it told the Shenzhen Stock Exchange.

Key fundamentals for a strong Australian beef sector including strong international demand, constrained global supply, a depreciating dollar and trade agreements are falling into place.

Stafford Capital Partners will invest in dairy, beef and row crops, and is splitting its commitments between primaries, secondaries and co-investments.