About This Fund
Cibus Carbon is a natural capital fund managed by Cibus Capital LLP, a London-based private equity platform founded in 2007 by Rob Appleby that focuses exclusively on sustainable food and agriculture investments. The fund is operated through a dedicated Australian subsidiary, Cibus Carbon Investments Pty Ltd, led by Damon Petrie (Consultant Investment Director), Jeremy Alun-Jones (COO), Simon Campbell (Consultant CEO), and Grant Tranter (Consultant Chief Scientist). Cibus Capital has raised over USD 1 billion across its fund platform — which includes Cibus Fund (mid-market PE and real asset farming), Cibus Enterprise (agri-food tech venture capital), and Cibus Carbon — and won two awards at the 2024 ESG Investing Awards, including ESG Investment Fund of the Year.
Cibus Carbon targets institutional investors and seeks to raise between A$200 million and A$300 million (approximately USD 132–198 million), with a target of A$70–100 million by end of 2025 and up to A$300 million by end of 2026. The fund's strategy is to plant mixed native tree species on carefully selected low-cost Australian land parcels identified through proprietary geospatial and agronomic models that maximise carbon yield relative to acquisition cost. Over a 30-year investment horizon, the fund aims to deliver approximately 11.25 million Australian Carbon Credit Units (ACCUs), targeting corporate buyers subject to Australia's Safeguard Mechanism.
Net ACCU demand is projected to nearly triple from 15 million units in 2025 to 44 million by 2030, a market Cibus expects to become the world's largest carbon credit system by end of the decade. The fund leverages Cibus's ownership of Withcott Seedlings, one of Australia's largest native tree nurseries, providing operational advantage in seedling procurement and project execution at scale. The fund was launched and publicly announced in September 2025 as Cibus Capital's dedicated natural capital vehicle for the Australian carbon market.