Arable gathers $250m for new follow-on fund

• Arable invests in the food and agribusiness sector
• This investment brings Arable’s combined assets under management to over $550 million
• Founded in 2016, Arable is based in Bellevue, Washington

Arable Capital Partners has raised approximately $250 million in capital for its new follow-on fund Arable Capital LLC. The limited partners were not disclosed.

Arable invests in the food and agribusiness sector.

This investment brings Arable’s combined assets under management to over $550 million.

On the fundraising, Greg Richards, founder and managing director of Arable, said in a statement: “We are grateful for the ongoing commitment from our investors and remain focused on partnering with businesses across the food value chain. This additional investment reinforces the merits of our long-term approach to investing without an overreliance on leverage – an approach suited for the long-term nature of capital investments and business cycles of the food and agribusiness sector.”

Arable’s investments include Fresh Innovations, Laurel AG & Water, Pacific Trellis Fruit, and Royal Ridge Fruits.

Founded in 2016, Arable is based in Bellevue, Washington.