February commitments to UBS and Homestead Capital added to the $155bn pension’s sizable portfolio of ag and farmland-focused investments.
Eucaliptus trees, forestry, timberland
The Carbon Offset Opportunity Fund has been backed by three British local government pensions and is an Article 9 impact vehicle.
Agtech monitoring plant health
The institutional investors participated in a Series B round for Loam Bio led by Lowercarbon Capital and Wollemi Capital, taking the start-up’s total funding to A$150m.
US farm, farmland
If approved at the pension’s investment meeting in March, the $1.5bn vehicle will have taken at least $765m in commitments.
Farmland, tractor, row crops
The vehicle has received backing from Farm Credit Canada and will target C$75 million.
Apple Orchard, farm, permanent crop
The asset manager has appointed a new COO and a horticulture general manager.
Cattle grazing in a green field
Breakthrough Energy Ventures, a VC fund founded by Bill Gates, contributed to a $12m second-phase seed round alongside Harvest Road and other investors.
Biogas plant in a wheat field
The firm’s C$30m pilot vehicle invested exclusively in projects that could generate carbon credits and has been able to deliver IRRs in the high teens.
Plant-based burger
Tengelmann Growth Partners led the round, with participation from existing investor Emil Capital Partners.
Competitive markets and new fund investments dictate that the pension expects it will take up to 24 months for its capital to be deployed through Ceres’ Midwest-focused open-ended farmland vehicle.
agri
agri

Copyright PEI Media

Not for publication, email or dissemination