TPP Capital Holdings Launches $20M Urban Agriculture and Food Investment Fund

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PHILADELPHIA--(BUSINESS WIRE)--TPP Capital Holdings (TPP), a Philadelphia based, Black-led social impact private equity fund manager and urban healthcare and real estate development firm dedicated to improving the health of residents in Black and Brown neighborhoods through improved access to healthy food, has announced the launch of an Urban Agriculture and Food Investment Fund of $20 million. The purpose of the fund is to make direct place-based private equity investments in agribusiness, agriculture, indoor vertical farms/greenhouses, farmland development, health-focused food and beverage enterprises with Black and Brown ownership located in federally qualified opportunity zones throughout the country in order to reduce health disparities and the disparate burdens of chronic medical conditions exposed by COVID-19 that disproportionately impact Black and Brown Americans. The Fund also expects to be an attractive investment vehicle for women and people of color who are interested in supporting enterprises with Black and Brown ownership participation. “ In the middle of today’s public health crisis, our raise will allow us to provide scalable solutions and build back better – prioritizing health through stronger businesses and buildings in food and wellness desserts prevalent in Black and Brown communities in federal qualified opportunity zones.” To date, TPP Capital has commitments to provide the direct investments through Fund I, including: $2M investment commitment in Vertical Harvest LC3, a Jackson, Wyoming, agri-business that has built a profitable sustainable model for urban hydroponic farms that addresses food and job insecurity through the production of fresh, local food year-round while providing meaningful jobs to underemployed populations, with a focus on hiring people with intellectual and physical disabilities. The Tioga District™ is a tech-forward, fully integrated, compact, dense, transit-oriented mixed-use inclusive community, health and wellness-centric five-square-block master planned development by Black-led, Philadelphia-based social impact private equity fund manager and urban healthcare real estate development firm TPP Capital Holdings, featuring a full urban mix of affordable housing, entertainment, work, educational and entrepreneurial opportunities.

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$250M to $500M