Dashgin Shikarov, the Azerbaijani ambassador to the UAE announced on October 4 that Azerbaijan and the UAE have reached a preliminary agreement to launch a joint investment fund for the establishment of new enterprises particularly in the agro-industrial space, the food industry, logistics, and transportation sectors. “The establishment of the fund would contribute to making […]
Maine Public Employees’ Retirement Fund (MainePERS) has agreed to invest $50 million in the Tillridge Global Agribusiness Fund II through a motion forwarded at its September 8 board meeting. The allocation — confirmed to GAI News by MainePERS chief investment officer Andrew Sawyer — is subject to final due diligence, legal review and negotiations. Tillridge Global Agribusiness […]
Angola’s sovereign wealth fund, known by the acronym, FSDEA, is focusing on allocating capital to investments in state-owned farming operations. The fund has secured seven large-scale farms totaling 72,000 hectares producing oilseeds, grains, and livestock, according to the fund’s first quarter investment update statement, with the farms carrying an expectation of returns between eight and […]
Brazil and China signed an agreement creating a $1 billion agriculture investment fund to invest in Brazilian farming services and agricultural infrastructure, storage, logistics and ports. The agreement, which is indicative of Brazil’s more open stance toward foreign agricultural investment under its new administration headed by President Michel Temer, was finalized in Shanghai during an […]
Australia’s National Famers’ Federation has partnered with financial advisory firm, Findex, to launch a $10 million agtech fund and accelerator program. The initiative, which will be run by the newly formed organization, SproutX, and headed up by former wool and beef farmer, Sam Threthewey, will be financially backed by the government of Victoria which is […]
St. Louis-based venture capital firm, Lewis & Clark Ventures, announced it has raised $20 million in additional capital for investments in agtech innovation. Founded last year by general partner, Ton Hillman and managing director Brian Hopcraft, Lewis & Clark focuses on Series A and Series B investments in innovative startups located in the U.S. Midwest […]
Boulder Investment Group Reprise (BIGR) announced the closing of its newest fund, BIGR Ventures LP, at $55 million after its launch in December 2015 with an initial tranche of $18 million. The company was founded by Carole Buyers, Duane Primozich, and Bill Weiland–three executives that managed an investment unit of Boulder Brands prior to that company being […]
Two senior executives from private equity firm KKR & Co. who have been responsible for some of the firm’s biggest food and ag investments are leaving the firm at the end of this year to launch a new China-focused investment firm. David Liu, head of China and co-head of Asia private equity at KKR, and firm […]
As trustee of Australia’s Sustainable Agriculture Fund (SAF), AgCAP announced a distribution of $10 million to the fund’s superannuation and institutional investors. The fund controls a $150 million, 28,000 hectare portfolio of agricultural assets and is backed by investors including AustralianSuper, Australian Catholic Superannuation and Retirement Fund, and Auscoal Super. Earlier this month it announced […]
Valmiki 504, a New Orleans-based venture capital division of New York-based Valmiki Capital Management announced the launch of Ceres 504, a new business incubator for food and food tech startups in New Orleans and across Louisiana. Named for the Roman goddess of food, Ceres 504 will offer access to capital and expertise to its […]
