by Lynda Kiernan The Ontario Municipal Employees Retirement System (OMERS) and the Bank of Montreal have committed $33 million (US$25.2 million) to District Ventures Capital, a venture fund dedicated to investing in innovative early-stage companies in Canada’s food, beverage, health, and wellness sectors. This capital brings the fund to C$70 million (US$53.5 million). Based in […]
Kroger is partnering with private equity firm Lindsay Goldberg to launch PearlRock Partners, a new platform through which to identify, invest in, and grow emerging consumer product brands. As part of Kroger’s alternative profit streams portfolio, the new incubator, which according to the partners, will be one of the largest pure-play data-driven investment vehicles focused […]
Big Idea Ventures, a hybrid venture firm that encompasses venture capital investing and an accelerator program, has announced a first close of $50 million for its newly-launched fund, the New Protein Fund. With offices in New York and Singapore, and headed by managing general partner, Andrew Ive, Big Idea Ventures is looking to invest in […]
New York-based investment firm AUA Private Equity Partners has created a new food investment vehicle, Gourmet Culinary Holdings (GCH) – a company organized to acquire interests in, and partner with, U.S.-based premium specialty food manufacturers. GCH was established through a pair of deals executed by AUA. In March, AUA invested alongside the owners of Gourmet […]
Phatisa, a leading sector-specific African development and private equity firm with the mission of feeding and housing the continent, announced an agreement to sell its controlling stake in Meridian Group to Ma’adan, Saudi Arabia’s largest mining company. Meridian is a top African agricultural inputs company distributing about 500,000 tons of superior fertilizer, including custom blends, […]
Farmland investment and management firm, LandFund Partners announced it is currently under contract to acquire farmland valued at over $10 million through its Fund IV during Q2 2019. The deals will lift total acreage held by Fund IV to 4,000 acres across the Arkansas and Mississippi Delta region, valued at more than $17 million. Founded […]
Equilibrium Capital Group, an asset manager focused on sustainable and impact-driven agricultural investments, has closed its Controlled Environment Foods Fund I at $336 million. As a vehicle focused on investment opportunities in fresh food production in North America, Fund I is positioned to capitalize upon shifts that are occurring among U.S. consumers looking for higher […]
Growpacker, a Canadian contract manufacturer of THC and CBD-infused edibles and beverages in the U.S., announced the launch of its brand incubator and accelerator program created to advance both THC and CBD brands sold in California. The first company participating in the program is CERIA Brewing Company, the maker of Grainwave, a de-alcoholized cannabis-infused beer […]
Boulder Food Group (BFG) announced it has closed its second fund, BFG II, oversubscribed at more than $100 million without employing a placement agent. Founded by Tom Spier (co-founder of EVOL) in 2014 in Boulder, Colorado, BFG is a food and beverage-focused venture focused on backing disruptive, better-for-you, innovative, and socially-conscious food beverage and supplement […]
Australia’s LGIAsuper is capitalizing upon consumer demand for high quality fresh food, and has committed $112 million to Equilibrium Capital’s newest fund – a vehicle focused on investment opportunities in fresh food production in North America. Chief executive of LGIAsuper, Kate Farrar, told Super Review that the investment will give Australians the ability to capitalize […]
