Skip to main content


01 Dec 22 Insight Alternatives Proterra Asia

Proterra Asia Announces Final Close of Proterra Asia Food Fund 3

SINGAPORE, November 2022 - Proterra Asia, the Asian subsidiary of experienced global food and agribusiness private equity fund manager Proterra Investment Partners, completed its final close of Proterra Asia Food Fund 3 (“Food Fund 3” or “The Fund”) on 26th October 2022.

Food Fund 3 is Proterra’s first Singapore-registered fund and invests through a Singapore VCC fund structure (“Food Fund 3 VCC”) into fast growing food sectors across Asia. As of the date of The Fund’s final close, Food Fund 3 VCC had over USD 200 million in committed capital. LPs include institutional investors, international and regional foundations, and family offices primarily from Europe and Asia.

Food Fund 3 is part of the Proterra Asia Food Strategy, which seeks to capitalise on the accelerating consumer demand that comes with growing urban populations and the emergence of a new generation of consumers across Asia, looking for safe, high quality food products with a focus on health, nutrition, convenience, social impact, and sustainability.

Tai Lin, Managing Partner of Proterra Asia, said: “We are very pleased to have successfully closed our first Proterra Asia fund as a Singapore-registered entity, and to have done so despite market volatility and travel restrictions. In context of rapidly growing and urbanizing populations in Asia, the demand for premium food products as well as the need to decarbonize diets and food supply chains is increasing at an extraordinary pace. The Proterra Asia Food Strategy is well positioned to capitalize on the associated trends.”

Since 2010, Proterra has deployed more than one billion USD across three private equity funds, building, buying, and investing in food companies directly in China, India, Singapore, Indonesia, Thailand, Philippines, and indirectly in most of the entirety of Asia.