SANTA MONICA, Calif., Oct. 8, 2020 /PRNewswire/ — Pontifax AgTech Management (“Pontifax AgTech” or “the Organization”), a primary world-wide growth money investor in the international meals and agriculture sector, these days declared the final near of its second fund, Pontifax Global Meals and Agriculture Technological innovation Fund II (“Fund II”), with commitments totaling $302 million. Fund II reached its prolonged difficult cap of $300 million and was oversubscribed, bringing the Firm’s recent whole AUM to $465M.
Fund II captivated commitments from main institutional traders, comprised of domestic and intercontinental money institutions, point out pension resources, university endowments, foundations, investment decision firms, significant-scale growers and family workplaces. The Firm’s original fund shut at $105 million in October 2017.
Pontifax AgTech invests globally in commercially recognized companies with proven technologies that enhance the productiveness, sustainability and efficiency of the food stuff and agriculture provide chain. The Firm’s principals get the job done with a proprietary community of primary growers, engineering experts and strategic company associates to totally appraise and maximize the success of the Fund’s investments.
Ben Belldegrun, Co-Founder and Controlling Lover of Pontifax AgTech, said, “We are grateful for a robust, beneficial reaction to Fund II from the two present and new institutional buyers. Complex traders are ever more finding the agriculture and foods technological know-how sector as a usually means to diversify their solutions methods and as an prospect to make a significant influence on sustainability. Our development money strategy provides traders a powerful chance/return expense profile though benefiting meals protection, local climate alter, grower perfectly-remaining and consumer health.”
Food and Agriculture is a $13 trillion enterprise and the world’s 2nd-speediest growing industrial sector. It employs practically 40 per cent of the world’s inhabitants, which the United Nations estimates will be close to 10 billion individuals by 2050. That, along with growing per-capita protein and calorie intake, is driving a throughout the world obstacle to fulfill rising foods need in a liable and sustainable method.
Phil Erlanger, Co-Founder and Managing Partner of Pontifax AgTech, commented, “Foodstuff demand is predicted to double in the future a few a long time, while output is constrained by diminishing supplies of land, h2o and labor, coupled with raising regulation. The recent pandemic has only highlighted challenges of foods stability and will make increasing agricultural productiveness, diet, and offer chain performance of paramount significance for international health and fitness and sustainability. We are centered on pursuing disruptive systems that consequence in healthier foods though giving eye-catching returns for our investors.”
Pontifax AgTech has invested in eleven marketplace-major organizations. 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 profitable IPO of Precision Biosciences, a disruptive gene editing engineering with software to both human therapeutics and sustainable food features.
Fund II finished an inaugural investment in Provivi, whose biological crop safety technologies permits the creation of low-expense pheromones that sustainably disrupt the mating patterns of invasive crop insects.
About Pontifax AgTech
Pontifax AgTech (www.pontifaxagtech.com) is a leading advancement capital investor in the world-wide foodstuff and agriculture sector, with around $465M in AUM. Launched in 2013 and headquartered in Santa Monica, California, Pontifax AgTech invests in quick-expanding firms with established technologies that improve agricultural productivity, nutrition, wellbeing, sustainability and supply chain performance. Pontifax AgTech performs in partnership with its considerable network of growers, technological innovation industry experts and strategic company partners.
Lambert & Co.
Joanne Lessner, [email protected], 212-222-7436
Caroline Luz, [email protected], 203-656-2829
Resource Pontifax AgTech