Private Equity Firms Raising Funds to Invest in Agriculture

by Lola Aboderin

  • 08 Sep 2010
  • PE

Preqin’s Fund Manager Profiles product shows that there are over 190 private equity firms globally investing in agriculture. 63 firms are currently raising capital for private equity investments in the sector with an aggregate target of USD 13.3 billion.

UK-based Emergent Asset Management is targeting EUR 2 billion for its African Agricultural Land Fund. Emergent Asset Management has two core asset management businesses – a hedge fund business and a private equity business. Its African Agricultural Land Fund is targeting the growing Sub-Saharan agricultural sector with an initial focus on South Africa (where the firm has a second office) and Mozambique. Later in the fund life it expects to expand further through the African continent.

Canada-based Brookfield Asset Management is a global asset manager focused on property, power, timber, natural resources and infrastructure assets. The firm is currently in market with the natural resources vehicle, Brookfield Brazil AgriLand Fund. Targeting USD 500 million for investments in the Brazilian agriculture sector, the fund had raised USD 209 million when it held a second interim close in May 2010. The firm aims to close by November this year.

Pharos Financial Group was established in 1997 to provide institutions and private investors with opportunities to gain exposure to the emerging markets of the former Soviet Union. The firm is currently targeting USD 350 million for its Pharos Miro Agricultural Fund. The vehicle will target agricultural investments in East Europe, Africa and Eurasia and is being raised in partnership with Miro Asset Management, a subsidiary of Miro Holdings International.

For more information on private equity fund managers , please see Preqin's Fund Manager Profiles.

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