Development Bank of Japan Inc. ("DBJ") has become the first Japanese investor to sign an agreement to invest in a food-focused private equity fund managed by Proterra Investment Advisors (Singapore) Pte. Ltd. ("Proterra Asia").
Through its Food Strategy, Proterra Asia has invested in over 20 companies in the Asian food sector since 2010. As the premier pan-Asia food sector private equity sponsor, Proterra Asia is an investor with a strong strategic edge, leveraging its extensive network in the global food and agriculture sector to help create value at portfolio companies, whether it is through expansion of sales and procurement channels, strategic M&A, and/or incorporating best practices in corporate governance.
The fund will invest in high-growth Asian food companies that will benefit from the region's middle class population growth and the evolving patterns of food consumption driven by demographic change. With greater awareness of the importance of health, nutrition and sustainability, the fund has already made investments in companies in fast-growing subsectors within food, such as the production of food from alternative sources such as oat milk and plant-based eggs. These investments will help create greater access for Asian consumers to healthier and more sustainable food categories.
Through its investment in the fund, DBJ intends to not only stimulate activity in the food and agriculture industries but also to firmly grasp global trends and industry best practices in the food transition, fostering further contributions to the industry's next phase of growth.
Applying its corporate philosophy--"Design the future with financial expertise: Continue to expand financial frontiers; Provide the best solutions for customers and society; Pursue sustainable development for Japan and the world"--DBJ will continue to create diverse financial solutions to actively support further development of the food and agriculture industries in Japan.
Corporate Finance Department, Division 3