Ag funds that is.
Press release via PE Hub:
Paine & Partners raises $893 mln for fourth fund
Paine & Partners has closed its oversubscribed fourth fund at $893 million. The LPs were not named although according to the firm, they include endowments and family offices and hail from new regions that include the Middle East. The pool will focus on the food and agribusiness sector.
PRESS RELEASE
NEW YORK, Jan. 6, 2015 /PRNewswire/ — Paine & Partners, LLC (“Paine & Partners”), a global private equity investment firm focused on investing in food and agribusiness, today announced the final closing of Paine & Partners Capital Fund IV, L.P. (“Fund IV”) at $893 million in capital commitments.
Paine & Partners had the first closing for Fund IV on July 8, 2014 and its final closing on December 18, 2014. The fund was oversubscribed, exceeding its original investment target. Fund IV’s investor base has expanded to include new regions, including the Middle East, and continues to experience high participation rates from endowments and family offices.
With the closing of Fund IV, Paine & Partners will continue to focus on investing in the global food and agribusiness industry where it, along with a Predecessor Firm, has deployed more than $1 billion of equity capital over the last decade. Paine & Partners’ team is comprised of both investment and industry operating executives who work together to help companies accelerate and achieve success through significant growth initiatives, expansion programs, acquisitions and by addressing complexity....MORE
