Peak Ridge Capital, a global alternative asset firm based in Boston, has launched a new private equity fund focused on agricultural technology and cleantech that will target companies in the upper Midwest region of the United States.
“The upper Midwestern region is the central location of the agriculture industry in the United States,” Peak Ridge president James Smith told PEO. “Wisconsin alone has in excess of $60 billion annually in agricultural [business], and surrounding states in the region have in the tens of billions generated each year through agriculture business.”
The Peak Ridge AgTech Fund is targeting in excess of $100 million.
Smith said the fund, which will target early and growth-stage companies, will have a first closing next week and
|Wisconsin dairy farm:
will start to invest in the first quarter of 2009. Smith would not give further specific details about the fund.
The fund’s limited partner base consists mostly of corporations and institutional investors, with some high net worth individuals. Smith said the limited partner base extends beyond Wisconsin.
The fund also has a board of advisors that includes agriculture experts from the region, including Molly Jahn, dean of the college of agriculture and life sciences at the University of Wisconsin-Madison.
Peak Ridge is active in private equity, hedge funds and real estate.