NEW YORK — Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain.
The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms. The company also is aiming its fund toward productivity and sustainability and health and wellness.
“With Fund VI, we are continuing to invest to feed a growing population better food with more efficient use of resources,” said Kevin Schwartz, chief executive officer of Paine Schwartz. “Food and agribusiness has been the fastest growing sector for more than 15 years and continues to be underserved by the investment community. Guided by our core themes, we are targeting investments in segments associated with long-term growth that have limited commodity exposure and limited private equity competition.”
Lazard Frères & Co. LLC served as placement agent to Paine Schwartz, and Kirkland & Ellis LLP served as legal counsel.
Paine Schwartz Partners is a private equity firm that is involved in sustainable food chain investing and focuses on investment opportunities in global food and agribusiness sectors.Enjoying this content? Learn about more disruptive startups on the Food Entrepreneur page.
