New Jersey’s $70 billion public-employee pension manager, the New Jersey State Investment Council, has agreed to commit $100 million in Homestead Capital’s third fund. Founded in 2012 by co-founders and co-CEOs Gabe Santos and Daniel Little in San Francisco, California, and with offices in Idaho, Illinois, and Arkansas, Homestead Capital is focused on investing and […]
As the foundation for a joint venture, Sydney-based Regal Funds Management has reportedly acquired a stake in farmland and water rights asset manager Kilter Rural. Together, there are expectations that the two will soon be launching The Australian Farmland Fund, a new fund that has already raised cornerstone capital of $20 million, and which is […]
Leading U.S.-based venture capitalist Tim Draper has signed an MOU with the Saudi Venture Capital Company to launch a joint investment fund in Saudi Arabia that will focus on investments in agriculture, health, education, finance, and energy. With the goal of encouraging Saudi entrepreneurs to expand into new fields, the fund will be established under […]
Asia-based investment firm Hillhouse Capital, and San Francisco-based VMG Partners have further expanded their relationship by agreeing to co-invest $100 million in high-potential food and beverage startups. Headquartered in Beijing, Hillhouse is a global investor with an Asian focus. It a backer of Uber and Airbhb among others, and spans investment rounds from Seed to […]
Anthem Asia announced an initial close of $34.5 million for the Anthem Asia Myanmar SME Venture Fund, its debut fund focused on providing growth and expansion capital to small and medium-sized enterprises (SMEs) operating in the frontier market of Myanmar. The capital, which brings the fund within shot of its $50 million target, was raised […]
Open Prairie announced the first investment made through its Open Prairie Rural Opportunities Fund since the fund secured its license from the United States Department of Agriculture (USDA) to operate as a Rural Business Investment Company (RBIC) in January of this year. As a maiden investment, the Open Prairie Rural Opportunities Fund committed $5.2 million […]
The Laguna Bay Pastoral Company has made a significant move in the Tasmanian dairy sector, acquiring eight dairy farms via its Laguna Bay Agricultural Fund I at a value exceeding $50 million. Each farm was bought from private families and retiring farmers. All within a 15 kilometer radius, they collectively milk 6,400 cows; however Laguna […]
Viridis Ag, the latest agriculture-focused venture launched by Macquarie, has purchased its first Australian farm in a deal rumored to be valued at A$32 million (US$25 million). The first property to be included in the Viridis Ag portfolio is The Grange, located in Western Australia. Previously owned and sold by Wellard CEO Mauro Balzarini, the […]
Open Prairies’s Open Prairie Rural Opportunities Fund has secured its license from the U.S. Department of Agriculture (USDA) to operate as a Rural Business Investment Company (RBIC). Founded in 1997 and headquartered in Effingham, Illinois, and with offices in Champaign, Illinois, Kalamazoo, Michigan, and Olathe, Kansas, Open Prairie is a private equity management firm that […]
Sonoma Brands announced the closing of their second fund at $60 million, along with a shift in mission from incubation to making outside growth equity investments in exchange for minority stakes in innovative companies. Initially launched in January 2016, Sonoma Brands has been the vision of Jon Sebastiani – former managing partner of Wines.com, former […]
