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Alternative proteins still too alternative for investors

Three out of the four ABCD agricultural companies have made strategic investments to take advantage of the alternative protein boom. When will institutional investors catch on?

Cargill invests $225m in plant protein and refined oils facility

The company has invested around $325m in plant protein ventures over the last two years, with JV partner PURIS and now Cargill’s Ohio facility the chief beneficiaries of the investments.

Ginkgo Bioworks’ $350m fund to deploy capital by year-end

The Ferment Fund will exclusively support companies that have been spun out from Ginkgo and will benefit from full access to the company’s platform for cell programming.

Gladstone acquires Nebraska farmland in $14.7m deal

The publicly traded REIT said the acquisition is in line with its strategy of buying or converting farmland from conventional to organic farms

Paine Schwartz takes 30% stake in table grape company

The firm’s investment commits it to a partnership that will see it provide joint funding for Specialty New Fruit Licensing’s activities and ongoing expansion

Ag ‘thunderstorm’ brings debt and equity opportunities – Tiverton Advisors

Managing partner David Chattleton says for the 'first time in six to seven years' it is an ideal moment to deploy equity, after raising $60m for two ag funds.

Red Reef brings in $61m towards $300m target

bfinance director Guy Hopgood says investor demand in ag is being fed by the return of capital held in real estate and infrastructure vehicles nearing the end of their lives.

Paine Schwartz taps SWF capital to exceed hard-cap on $1.45bn Fund V

CEO Kevin Schwartz says the firm specifically targeted investors outside of its traditional base in the US and Europe, resulting in commitments coming in from institutions in China, Japan and the Middle East.

Nuveen targets $2.4bn for first open-ended farmland fund – exclusive

The vehicle secured $100m from the Vermont Pension Investment Committee and will aim to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.

Opportunity costs and the Iranian US-soy import boomlet

The end of an unlikely surge in Iranian imports of US soy highlights risk that investors face when policymakers use ag to pursue unrelated goals.
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