In brief: Proterra Asia eyes EU investors

The food-focused manager sees Luxembourg as 'an attractive domicile' due to the rising importance of European sustainability standards, says managing partner Tai Lin.

Proterra Asia, a GP dedicated to investing in the food system, is planning to target European investors with its next fund, the firm told New Private Markets.

Proterra Asia is a unit of Proterra Investment Partners and is one of the biggest private equity firms investing in food and agribusiness across APAC. The firm closed Food Fund 3, which was registered in Singapore, on more than $200 million in October last year. Its offices are in Singapore and Shanghai.

It is not clear when the next fund will launch, or if its investment thesis will differ from the firm’s previous strategies.

“We are always looking for exciting opportunities to offer relevant strategies to our investors,” managing partner Tai Lin told NPM. “Luxembourg is an attractive domicile for us, given the rising importance of sustainability standards in Europe and it is also a common destination for Asian Managers.”

“We look forward to giving more European investors the opportunity to invest in fast-growing, high-quality businesses operating in the Asian food and agriculture sector – a key battleground in tackling climate change,” he added.