Rest and LACERA among the backers of $600m sustainable agriculture investment
Australian superannuation fund Rest and Los Angeles County Employee Retirement Association (‘LACERA’) are among the backers of a $600m fundraising round for Cibus Capital’s sustainable food and funds.
The CF II is a mid-market private equity strategy which attracted over $510m in commitments. It invests in late-stage venture through companies with the potential to disrupt food production or processing, increasing resource efficiency and sustainability. Meanwhile, the firm’s venture CE II fund closed with $135m in commitments.
“Rest expects our investment in Cibus Fund II to deliver long-term value for our members while growing our exposure to companies at the forefront of sustainable agriculture practices. It also brings us closer to our target of achieving a one per cent allocation to impact investments across our total portfolio by 2026," said Rest’s head of Responsible Investment & Sustainability, Leilani Weier.
Rob Appleby, founder and CIO of Cibus Capital added: “Farmers and landowners have taken centre stage in the debate about food security and environmental conservation. This coincides with a clearer view of the risks and opportunities faced by investors and stakeholders alike in food production.”
The latest fundraiser brings the total of money raised by the London-based private markets firm to $1bn across the two strategies.
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