MAVRK Capital, an alternative asset manager at the intersection of agricultural credit lending and private equity, closed its second fund targeting international produce growers.
The fund will directly purchase and finance produce-related receivables providing needed liquidity to growers, distributors and retailers across the United States, Latin America and South America.
“We are excited to announce this first Close of our second fund for our global lending,” Jack Campbell, CEO of MAVRK Capital, said. “This investment will lead to the transformation of agriculture via institutional liquidity for growers allowing them to focus on building sustainable and predictive growing operations. We look forward to partnering with other institutional investors to build the future of agriculture.”
The investment was anchored by Valley Strong Ventures, alongside a number of family offices. MAVRK has also secured several hundred million in financing commitments from financing providers to facilitate further growth.
“Through Valley Strong Ventures, we are committed to driving innovation and supporting growth in vital industries,” Nick Ambrosini, president and CEO of Valley Strong Credit Union, said. “Leading the MAVRK Equity Conduit Fund as the anchor investor—and partnering with respected institutions in their endeavors—underscores our dedication to delivering meaningful impact for our members, our partners and the broader community. The opportunity to help MAVRK build this future asset class is an incredible opportunity, and we look forward to scaling this platform for decades to come.”
Performance Trust Capital Partners served as advisor.
“It is exciting to see first hand how rapidly the fresh produce market is meeting the private credit investing landscape,” Paul Limanni, managing director and co-head of capital markets at Performance Trust Capital Partners, said. “I believe that the MAVRK teams deep expertise in the entire produce vertical will allow institutional investors the ability to pursue meaningful returns at scale with thoughtful risk management.”
