SANTA MONICA, Calif., Oct. 8, 2020 /PRNewswire/ — Pontifax AgTech Management (“Pontifax AgTech” or “the Firm”), a main world-wide growth funds investor in the world food and agriculture sector, these days introduced the ultimate near of its 2nd fund, Pontifax World-wide Food and Agriculture Know-how Fund II (“Fund II”), with commitments totaling $302 million. Fund II reached its extended really hard cap of $300 million and was oversubscribed, bringing the Firm’s existing overall AUM to $465M.
Fund II captivated commitments from major institutional traders, comprised of domestic and global economical establishments, condition pension funds, college endowments, foundations, investment decision companies, substantial-scale growers and loved ones workplaces. The Firm’s initial fund shut at $105 million in Oct 2017.
Pontifax AgTech invests globally in commercially set up firms with confirmed technologies that enhance the productiveness, sustainability and effectiveness of the food stuff and agriculture source chain. The Firm’s principals get the job done with a proprietary network of leading growers, technological know-how professionals and strategic company partners to completely assess and maximize the success of the Fund’s investments.
Ben Belldegrun, Co-Founder and Running Husband or wife of Pontifax AgTech, mentioned, “We are grateful for a potent, good response to Fund II from equally present and new institutional buyers. Subtle investors are ever more discovering the agriculture and food stuff technological innovation sector as a means to diversify their choices procedures and as an option to make a substantial impression on sustainability. Our progress capital tactic gives investors a powerful hazard/return investment profile whilst benefiting food stability, local climate transform, grower perfectly-being and shopper health.”
Food and Agriculture is a $13 trillion enterprise and the world’s next-quickest rising industrial sector. It employs virtually 40 % of the world’s inhabitants, which the United Nations estimates will be close to 10 billion men and women by 2050. That, alongside with escalating per-capita protein and calorie intake, is driving a worldwide problem to meet up with expanding food items need in a liable and sustainable fashion.
Phil Erlanger, Co-Founder and Managing Lover of Pontifax AgTech, commented, “Foodstuff desire is envisioned to double in the following a few a long time, even though creation is constrained by diminishing provides of land, drinking water and labor, coupled with raising regulation. The present-day pandemic has only highlighted concerns of food items protection and would make improving agricultural productivity, nourishment, and source chain performance of paramount relevance for world wide wellness and sustainability. We are concentrated on pursuing disruptive systems that final result in more healthy foods although supplying interesting returns for our buyers.”
Pontifax AgTech has invested in eleven industry-leading firms. Fund I has monetized two investments by way of the sale of Blue River Technological know-how, a following technology robotics and automation technology for crop cultivation, to John Deere and the thriving IPO of Precision Biosciences, a disruptive gene editing technology with software to each human therapeutics and sustainable foods characteristics.
Fund II concluded an inaugural financial investment in Provivi, whose biological crop defense technologies enables the output of low-price pheromones that sustainably disrupt the mating designs of invasive crop insects.
About Pontifax AgTech
Pontifax AgTech (www.pontifaxagtech.com) is a top development capital investor in the world foodstuff and agriculture sector, with in excess of $465M in AUM. Established in 2013 and headquartered in Santa Monica, California, Pontifax AgTech invests in fast-rising firms with proven systems that enhance agricultural productivity, nutrition, health, sustainability and provide chain effectiveness. Pontifax AgTech operates in partnership with its comprehensive community of growers, technology experts and strategic company partners.
Lambert & Co.
Joanne Lessner, [email protected], 212-222-7436
Caroline Luz, [email protected], 203-656-2829
Supply Pontifax AgTech