Paine Schwartz Partners closed its latest sustainable food chain fund, Paine Schwartz Food Chain Fund V, at $1.4 billion, exceeding its fundraising target and hard cap.

The new fund is 57% larger than the prior fund in the series, Paine Schwartz Food Chain Fund IV, which closed in 2017 with $893 million.

Fund V is Paine Schwartz's largest fund to date, re