food

Climate Asset Management has acquired a Queensland asset used for sugar cane production, which it will convert to a more biodiverse macadamia orchard.

The asset management firm says it will work with Z Impact Ventures to source deals for an Article 9 fund.

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.