SANTA MONICA, Calif., Oct. 8, 2020 /PRNewswire/ — Pontifax AgTech Management (“Pontifax AgTech” or “the Organization”), a major world expansion money investor in the international foodstuff and agriculture sector, right now announced the final shut of its next fund, Pontifax Global Foodstuff and Agriculture Know-how Fund II (“Fund II”), with commitments totaling $302 million. Fund II attained its prolonged tricky cap of $300 million and was oversubscribed, bringing the Firm’s recent total AUM to $465M.
Fund II attracted commitments from leading institutional buyers, comprised of domestic and international fiscal establishments, condition pension money, university endowments, foundations, financial investment firms, significant-scale growers and loved ones offices. The Firm’s original fund closed at $105 million in Oct 2017.
Pontifax AgTech invests globally in commercially proven corporations with confirmed technologies that enhance the efficiency, sustainability and performance of the food stuff and agriculture supply chain. The Firm’s principals get the job done with a proprietary community of top growers, technological know-how professionals and strategic corporate associates to totally examine and optimize the good results of the Fund’s investments.
Ben Belldegrun, Co-Founder and Running Associate of Pontifax AgTech, mentioned, “We are grateful for a powerful, favourable reaction to Fund II from equally current and new institutional investors. Advanced traders are increasingly exploring the agriculture and food stuff technological know-how sector as a usually means to diversify their choices strategies and as an opportunity to make a significant impact on sustainability. Our growth funds method provides buyers a powerful possibility/return financial commitment profile while benefiting foods safety, climate improve, grower properly-currently being and customer wellbeing.”
Food and Agriculture is a $13 trillion enterprise and the world’s 2nd-fastest escalating industrial sector. It employs almost 40 per cent of the world’s population, which the United Nations estimates will be close to 10 billion people by 2050. That, alongside with raising for every-capita protein and calorie consumption, is driving a globally problem to meet up with developing foods demand from customers in a accountable and sustainable way.
Phil Erlanger, Co-Founder and Taking care of Lover of Pontifax AgTech, commented, “Food need is envisioned to double in the future a few a long time, while output is constrained by diminishing supplies of land, drinking water and labor, coupled with expanding regulation. The present pandemic has only highlighted concerns of food safety and makes bettering agricultural productiveness, nourishment, and provide chain effectiveness of paramount great importance for global wellness and sustainability. We are focused on pursuing disruptive systems that final result in healthier foods while supplying beautiful returns for our buyers.”
Pontifax AgTech has invested in eleven business-top firms. Fund I has monetized two investments by way of the sale of Blue River Technological innovation, a future technology robotics and automation technological innovation for crop cultivation, to John Deere and the effective IPO of Precision Biosciences, a disruptive gene modifying technology with software to both of those human therapeutics and sustainable food characteristics.
Fund II accomplished an inaugural financial commitment in Provivi, whose biological crop security technologies permits the generation of very low-price pheromones that sustainably disrupt the mating patterns of invasive crop insects.
About Pontifax AgTech
Pontifax AgTech (www.pontifaxagtech.com) is a foremost growth capital trader in the world-wide food and agriculture sector, with around $465M in AUM. Founded in 2013 and headquartered in Santa Monica, California, Pontifax AgTech invests in fast-growing corporations with demonstrated systems that boost agricultural productiveness, nutrition, health and fitness, sustainability and supply chain efficiency. Pontifax AgTech is effective in partnership with its in depth network of growers, technologies specialists and strategic corporate companions.
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