Dutch Pension fund PGGM has committed between €50m and €100m to the Cargill owned Black River Food Fund 2, which invests in farmland and crop production.
PGGM commits to Black River Food Fund 2
Dutch Pension fund PGGM has committed between €50m and €100m to Black River Food Fund 2.
Black River, the private equity arm of US agribusiness and trading giant Cargill, has pulled it PGGM’s commitments according to PEI.
The firm spreads its investments across three distinct sectors, agriculture, food, and metals and mining in both developed and emerging markets.
Its second food fund is looking to target around $700m according to filing with the US Securities and exchange commission.
The filing shows that the fund has so far the fund has landed around $495m from 14 LPs.
Black River is also in the process of raising its second agriculture-focused investment fund, targeting at least $400m, according to Dow Jones.
It’s agricultural investment strategy is to invests in crop production, including upgrading yields and converting pasture land to crop land, on a global basis.
