Paine Schwartz Partners, a New York-based sustainable food chain investor, has closed its Paine Schwartz Food Chain Fund VI LP at $1.7 billion of total capital commitments.

The fund is focused on sustainable investments in the food and agribusiness sector. The company has deployed approximately 40 percent of Fund VI, including investments in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms. Paine Schwartz will continue to seek investment opportunities for Fund VI across two themes: productivity and sustainability and health and wellness. Fund VI is the largest fund dedicated to investing across the food and agribusiness value chain.

“Guided by our core themes, we are targeting investments in segments associated with long-term growth that have limited commodity exposure and limited private equity competition,” says Kevin Schwartz, CEO of Paine Schwartz.

Lazard Frères & Co. LLC served as placement agent to Paine Schwartz, and Kirkland & Ellis LLP served as legal counsel.