Equilibrium has completed a final close of its Controlled Environment Foods Fund II (CEFF II) at $1.022 billion, exceeding its target of $500 million. The fund was backed by institutional investors.
Like its predecessor, CEFF II will invest in high-tech greenhouses, indoor farms, and other controlled-environment agriculture (CEA) segments of alternative proteins and aquaculture. The vehicle will invest primarily across North America and has made three investments to date: two in the United States and one in Mexico. The main areas of investment include mature high-wire crops of tomatoes, peppers and cucumbers, as well as leafy greens and berries.
“Agriculture is ground zero for sustainable use of our natural resources, climate risk and climate adaptation,” said Dave Chen, CEO of Equilibrium. “In the next decades, the agriculture industry, globally, will be called on to provide more food, more safely, of higher quality, with greater diversity, in a more climate-cha
