By Gerelyn Terzo
Institutional investors have been flocking to agricultural funds, evidenced by hundreds of millions of dollars being raised and the oversubscribed status of recently closed funds. In some cases, capital has been turned away.
Paine & Partners Capital Fund IV, L.P. reached final financial close with USD 893m in commitments. Private equity firm Paine & Partners made the announcement on Jan. 6, but Fund IV formally reached final close at year-end following first financial close in July 2014.