food

At $1.6bn – and a further $650m co-investment vehicle – Paine Schwartz Fund VI is among the biggest sustainable food and agriculture private equity funds.

The sustainability-focused food and ag firm has nearly reached its $1.5bn target for Fund VI, with a raft of the US’s biggest institutional investors as LPs.

The firm opted to close in November 2022 rather than continue into 2023 due to 'market conditions', according to co-founder Ross Iverson.

The two funds aim to 'improve the production and availability of healthy food' and will be invested in Asia and Latin America.

A £300m evergreen fund-of-one will invest towards food supply chain sustainability with a vertical integration strategy via new fund manager Isara.

Jeremy Coller ‘expects FAIRR’s members, representing $68trn AUM, will welcome the frameworks as a further tool in their investment process’.

The firm has made three growth investments into food tech businesses in a little over a year.

'Agriculture and food production is way behind other industries in terms of technology adoption, but disruption is now coming in fast,' says Alastair Cooper of ADM Capital.

Boston Consulting Group predicts that an 11% market share for alt-proteins by 2035 would be ‘equal to decarbonizing 95% of the aviation industry.’

The New York-headquartered firm has secured at least two commitments for a follow-up to the $1.45bn Fund V, to focus on an agribusiness sector it says has outpaced all others since 2006.