Private equity firm, Paine Schwartz Partners has closed its latest sustainable food chain fund at $1.425 billion, resulting in the firm’s largest fund to date.
The Paine Schwartz Food Chain Fund V exceeded the US company’s original target and hard cap, due to oversubscribed demand and strong support from its investors. Both new and existing investors joined the fund, representing a global base of limited partners from the US, Canada, Europe, Middle East and Asia.
Paine Schwartz fifth food chain fund will focus on investment opportunities along the food and agribusiness value chain. Following a similar strategy to its previous funds, the firm will use a proactive, thesis-driven approach, while working closely with management teams to build significant value.
Kevin Schwartz, CEO 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.
“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.”
Schwartz adds: “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.”
With over 20 years of investment experience, through funds Paine Schwartz has invested more than $2 billion of equity capital in companies along the supply chain.
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