The Norinchukin Bank is pleased to announce that it has entered into an investment agreement with Seviora T3F Feeder Fund L.P., a new investment fund established by Seviora Capital Pte. Ltd., a fund management company that is a subsidiary of Temasek, the investment fund of the Singapore government. T3F stands for “The Future of Food and Farming.” The Fund invests in start-ups in the food and agriculture sector in the Asia/Pacific region.
Separately, Seviora Holdings Pte. Ltd. (headquarters: Singapore; “Seviora Holdings”), the holding company of Seviora Capital, and the Bank have entered into a strategic partnership (MOU) with the aim of leveraging their respective expertise in the food and agriculture sector and supporting the growth of the food and agriculture start-up companies in which they invest.
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The Temasek Group, which includes Seviora Holdings, has a long history of investing in the food and agriculture sector. Through this strategic partnership, the Bank intends to share expertise, explore business opportunities and introduce partners to enhance collaboration between Japanese and Asia/Pacific Agri-food companies.
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Through its investment in the Fund, the The Norinchukin Bank will deepen its knowledge of the food and agriculture industry in the Asia/Pacific region and further promote collaboration and joint investment opportunities with Japanese food and agriculture related companies. By returning advanced ag-tech and food-tech know-how from the fast-growing Asia/Pacific region to Japan and utilizing the platforms of the portfolio companies, we aim to contribute to the overseas expansion and sustainable growth of Japan’s agriculture, forestry, fisheries, and food industries.
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Through this partnership, we will also engage in ongoing dialogue and collaboration with Seviora Holdings and portfolio companies on environmental and social issues, such as reducing greenhouse gas emissions, addressing climate change and improving productivity in the agriculture, forestry, and fisheries industries. Furthermore, we will contribute to solving industry issues as a “leading bank that supports the agriculture, fishery and forestry industries, food production and consumption, and the daily lives of local communities.”
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About The Norinchukin Bank
Since its establishment in 1923, The Norinchukin Bank has been managed under special legislation, initially, as the central bank for Japan’s industrial cooperatives, “Sangyo Kumiai,” and subsequently via the The Norinchukin Bank Act. It is a cooperative private financial institution with a clear mission to “contribute to the development of the nation’s economy by supporting the advancement of Japan’s agriculture, fishery and forestry industries by providing financial services for the members of the agricultural, fishery and forestry cooperative system.”
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