Growth Equity
Investing in high growth companies in the food and agribusiness industries
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INVESTMENT THESIS
Proterra’s Rural Growth strategy is focused on making equity investments in emerging high-growth companies in the food and agribusiness industries. The Fund targets investments in rural areas of the United States.
The strategy is highly complimentary to Proterra’s credit strategy, as well as the firm’s legacy of investing in growth-oriented food companies outside the United States. The Fund expects to generate attractive risk-adjusted returns by investing in companies that address consumers growing focus on the contents of their diet and the origins of the ingredients in their food. The Fund is a USDA-licensed Rural Business Investment Company.
The strategy is highly complimentary to Proterra’s credit strategy, as well as the firm’s legacy of investing in growth-oriented food companies outside the United States. The Fund expects to generate attractive risk-adjusted returns by investing in companies that address consumers growing focus on the contents of their diet and the origins of the ingredients in their food. The Fund is a USDA-licensed Rural Business Investment Company.
INVESTMENT CRITERIA
$10 - $100 million enterprise value
Run-rate revenue of $5 - $100 million
Annual EBITDA of $0 - $10 million
Equity investments of $3 - $15 million
Our Strategy
Shifting Consumer Demand
The Fund focuses on investments that benefit from growing consumer demand for sustainably grown, organic, clean label and “better for you” products.
All investments will be commercially-proven and have established revenue.
All investments will be commercially-proven and have established revenue.
Differentiated Ingredients or Processes
We seek investments in businesses with a product or service that includes a distinctive ingredient or process. This ensures the company’s offering is unique and difficult to replicate by competitors.
Many of our investments are expected to include an ESG component as well.
Many of our investments are expected to include an ESG component as well.
Flexible Investment Structure
The Fund invests in both earlier-stage companies as well as more established businesses.
We invest as early as Series A rounds all the way through growth equity investments. The fund will also consider control investments on a selective basis.
We invest as early as Series A rounds all the way through growth equity investments. The fund will also consider control investments on a selective basis.
Investment Areas
Branded Foods
Focused on authentic brands with ingredients that are connected to the farmers and producers that are at the root of the US food value chain.
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Food Processing & Distribution
Investing in consumer-driven innovation in food manufacturing and distribution to support a more sustainable and resilient food supply chain.
Animal Health
Targeting companies that are driving innovation to further enhance animal health and welfare, as well as the humanization of pets.
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Special Opportunities
The Fund also expects to invest opportunistically in unique risk-adjusted return opportunities across the food and agriculture industry, with a focus on rural communities.
Background
Why Proterra Growth Equity?
Our Unique Offering
Backed by one of the largest managers in the food/agriculture sector
Investment team members have significant experience in North American food and agribusiness
Robust origination capabilities via Proterra’s multi-vintage private credit fund
Extensive network provides portfolio companies with access to vast resources in the food and ag supply chain
Completed Financings
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Lil Bucks
Series A Preferred
Specialty Pasta Manufacturer
Co-Investor in Buy-Out
MyLand
Series B Preferred