ADM launches Cibus Enterprise Fund

The vehicle has a $75m target and a $100m hard-cap and expects to hold a first close by the end of May.

ADM has recently held a final close for its ADM Cibus Fund on $322m with an additional $130m for co-investment opportunities. The fund makes buyout and growth capital investments in sustainable food processing and production businesses across the European, American and Australasian mid-markets.

Investors
Cibus Enterprise has already received several verbal commitments from previous LPs that invested in ADM Cibus Fund and from newcomers. The vehicle expects to build an LP base composed of pension funds, insurance companies, sovereign wealth funds, banks and high-net-worth individuals from Europe, North America and Asia.

Investments
Cibus Enterprise will invest in late-stage venture businesses, which have developed a proven and successful technology, with the goal to reach commercial operations and become profitable in two to three years. It will acquire minority stakes with representation within the company’s board.

The vehicle will target agritech and foodtech businesses operating across a wide variety of sectors, including big data, software management, machine learning, drones, robotics, genome editing, CRISPR, biotech and microbial technologies.

People
Cibus – Alastair Cooper (head of early stage investments).

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