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Laxman Pai, Opalesque Asia:

Boston-based Solum Partners, a food and agriculture-focused investment firm, has closed its second fund at $850 million.

Solum Partners Fund II surpassed its initial target to close with $850 million in capital commitments from a broad range of global institutional investors, said a media release from the firm which invests in real assets within the agriculture and food production industry.

Having spun out from Harvard Management Company (HMC) in October 2020, Solum utilizes a hands-on approach to investing in global large-scale agricultural operators, underpinned by the deep industry knowledge of its team of over 25 professionals.

Solum prioritizes forming local partnerships with leading operators and is dedicated to achieving operational excellence and continuous improvement across its portfolio, said the release.

Fund II invests in production assets globally across a variety of crop types, including coffee, almonds, apples, and berries. "In deploying capital and managing its investments, Solum remains committed to supporting the local communities it invests in and aims to drive sustainable impact through active portfolio management," it added.

Colin Butterfield, CEO of Solum Partners said: "We appreciate and are encouraged by the strong demand and enthusiasm shown by our investors for Fund II, especially when considering the current geopolitical and macroeconomic landscape. It is a privilege to be entrusted with this capital a......................

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