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.
'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.
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.