Cargill to raise Asian food fund says report
Cargill’s private equity arm, Black River Asset Management, is planning to raise a $400 million fund focused on the food in Asia, reports Reuters. According to the article, the proposed fund, called Black River Capital Partners (Food) Fund, has already soft circled $200 million and that the fund expects to invest about half the money in China.
Formed from Cargill's Global Capital Markets Division, which engaged in proprietary trading for Cargill from 1984 to 2003, Black River founded in 2003 as an independently managed subsidiary of Cargill....
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