About This Fund
Cibus Fund II is a $510 million mid-market private equity fund advised by Cibus Capital, a London-based investment manager specializing exclusively in sustainable food and agriculture. The fund completed its final close on March 4, 2024, reaching $510 million in total capital commitments from a globally diversified institutional investor base that includes the Los Angeles County Employees' Retirement Association (LACERA) and Retail Employees Superannuation Trust (Rest), one of Australia's largest profit-to-member superannuation funds. Cibus Fund II forms part of a combined $645 million fundraise alongside Cibus Enterprise Fund II, which closed simultaneously with $135 million targeting late-stage agrifood technology.
Cibus Fund II deploys capital through mid-market buyout and growth equity investments in food production, processing, and distribution businesses that are positioned to lead the transition to more sustainable, innovative, and resource-efficient food systems. The fund targets companies that demonstrate competitive advantages through technology adoption, operational efficiency, and strong sustainability practices across the global agricultural supply chain. Cibus Capital brings a differentiated approach combining deep financial expertise with genuine operational experience in farming and food production — enabling the firm to underwrite investments with a level of sector insight that generalist PE managers cannot replicate. The fund focuses on businesses in food production, processing, manufacturing, distribution, and specialty food sectors globally.
Cibus Fund II is the successor to Cibus Fund I and reflects the manager's expanded conviction in the long-term structural growth of the sustainable agrifood investment opportunity. Portfolio companies under the Cibus Capital umbrella include Withcott Seedlings, one of Australia's largest native tree seedling producers, and PSB Produccion Vegetal, a leading European stone fruit production business, illustrating Cibus's global reach and hands-on operational engagement model. The fund's ability to secure re-up commitments from LACERA and attract new institutional capital from leading Australian pension funds demonstrates the firm's growing international institutional profile and consistent investment performance.