Laxman Pai, Opalesque Asia:
Paine Schwartz Partners closed its latest sustainable food chain fund, Paine Schwartz Food Chain Fund V, at $1.4 billion, exceeding its fundraising target and hard cap.
The new fund is 57% larger than the prior fund in the series, Paine Schwartz Food Chain Fund IV, which closed in 2017 with $893 million.
Fund V is Paine Schwartz’s largest fund to date, representing a global base of limited partners from the U.S., Canada, Europe, the Middle East, and Asia.
Consistent with Paine Schwartz Food Chain Fund IV, L.P., Fund V will focus exclusively on attractive investment opportunities along the food and agribusiness value chain.
Paine Schwartz has invested more than $2.0 billion of equity capital, as well as building a team of investment and operating.
Kevin Schwartz, Chief Executive Officer and a founding Partner of Paine Schwartz, said, “We are excited about the successful closing of Fund V. This was truly a global capital raising effort, with participation from new and existing limited partners around the world. “
Kevin added: “We have seen an increasing number of institutional investors focused on the food and agribusiness opportunity set, along with the need for sustainability, which is synergistic with driving positive investment outcomes in this sector. We have built a leadership position and successful track record in this area over two decades, and look forward to continuing that execution with Fund V.”
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