USA – Paine Schwartz Partners, a private equity firm focused on sustainable food chain investments, has closed its food and agribusiness-focused Fund V at US$1.425 billion, exceeding its original target.

The Paine Schwartz Food Chain Fund V marks the investment firm’s largest fund to date, representing a global base of limited partners from the U.S., Canada, Europe, Middle East and Asia.

The fund, which exceeded its original target and hard cap due to oversubscribed demand and strong support from both new and existing investors, will focus exclusively on attractive investment opportunities along the food and agribusiness value chain.

Paine Schwartz said it will continue to focus on identifying opportunities through a proactive, thesis-driven approach, and work closely with management teams to build significant value through its operationally-focused investment strategy.

Kevin Schwartz, CEO and a founding partner of Paine Schwartz, said: “We are excited about the successful closing of Fund V. This was truly a global capital raising effort, with participation from new and existing limited partners around the world.

“We have seen an increasing number of institutional investors focused on the food and agribusiness opportunity set, along with the need for sustainability, which is synergistic with driving positive investment outcomes in this sector.”

“We have built a leadership position and successful track record in this area over two decades, and look forward to continuing that execution with Fund V.”

Paine Schwartz has a 20-plus year track record in the sector investing more than US$2.0 billion of equity capital, as well as building a team of investment and operating professionals with deep domain expertise.

Amanda Persaud, Ropes & Gray asset management partner, says: “We are pleased to have partnered with Paine Schwartz in bringing together a diverse, global base of investors focused on food and agribusiness who are committed to Paine Schwartz’s strong record as a market leader in sustainable food investing.”

A global leader in sustainable food chain investing, Paine Schwartz Partners is a private equity firm focused exclusively on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors.

The firm’s investment, operations and finance professionals invest throughout cycles across the food and agribusiness value chain, and bring a collaborative and active management approach to portfolio companies.