Paine Schwartz Partners, a prominent player in sustainable food chain investments on a global scale, has announced the successful conclusion of fundraising for Paine Schwartz Food Chain Fund VI, L.P. (referred to as “Fund VI”), with a total capital commitment of $1.7 billion. Fund VI represents the largest fund dedicated to investing across the food and agribusiness value chain, building upon Paine Schwartz’s established track record of over two decades as a leader in this sector.
Remarkably, Paine Schwartz achieved the final closing of Fund VI in just about a year from its initial close. Fund VI stands as Paine Schwartz’s largest fund to date, surpassing its previous Fund V of $1.4 billion by 17%. The fund attracted a diverse range of investors, including those focused on real assets, private equity, and impact-oriented initiatives. Among these investors were pension funds, sovereign wealth funds, endowments, foundations, family offices, and other institutional players.
Fund VI’s exclusive focus is on sustainable investments within the rapidly expanding food and agribusiness domain. Paine Schwartz has already allocated approximately 40% of Fund VI to investments in companies like AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience, and Monterey Mushrooms. The fund will continue to actively seek appealing and actionable investment opportunities based on two core themes:
Productivity and sustainability: Companies that boost agricultural productivity while minimizing resource consumption.
Health and wellness: Enterprises that offer access to healthier, more nutritious, and safer food options.
Through Fund VI, Paine Schwartz aims to integrate its robust Environmental, Social, and Governance (ESG) framework into its investments, simultaneously driving growth and fostering a positive impact through responsible investment practices.
Currently managing $5.7 billion in assets, Paine Schwartz Partners boasts a team of over 60 professionals and advisors with specialized industry knowledge, working together to systematically develop and execute successful investment strategies.
Lazard Frères & Co. LLC acted as the placement agent for Paine Schwartz, with Kirkland & Ellis LLP providing legal counsel.
