The fund, which is investing in early-stage plant-based and cell-cultivated meat and dairy companies, has already amassed a portfolio of ten alternative protein startups in Hong Kong, mainland China, Singapore and the rest of the world. The fund has $23 million in capital commitments, with substantial support from Asian family offices.

About 70 per cent of capital comes from commitments from Hong Kong and Asian family offices and conglomerates with diversified interests, including consumer products and the food industry, who hope to gain exposure to the high-growth alternative protein sector. 

Barclays, UBS, and JP Morgan projected the sector to grow by 31 per cent year-over-year, becoming a $85-$140 billion market over the next 10 to 15 years.

The fund portfolio includes Singapore-based TurtleTree Labs, the first company in the world developing cow’s milk and human breast milk from cell cultivation; Hong Kong-based Avant, the leading cell-cultivated meat company in the greater China region; Better Meat Co, whose plant-based meat protein blend is featured at over 7,000 grocery stores across the United States; The Good Spoon, a fast-growing plant-based condiments brand with distribution via several of Europe’s largest retailers; Marvelous Foods, a pioneering plant-based yogurt brand in China; and Bond Pet Foods, the first company in the world producing real meat protein from fermentation. 

Transamerica Life (Bermuda)
[tag|Transamerica Life (Bermuda)|]Transamerica Life (Bermuda), the high net worth life insurer, has launched a Guide to HNW Life Insurance - a Practical Handbook for Financial Advisors.

The guide is designed to help financial advisors, brokers and wealth managers understand the key dimensions of HNW life insurance and how to apply it in practice. 

As regularly noted by this news service, insurance in its different forms is a useful part of the wealth management toolkit, such as private placement life insurance used to protect assets and when cross-border issues are involved. With $15.4 trillion of wealth slated to change hands, the asset transfer side of insurance is gaining an added edge. 

“The current uncertainty the world is facing in 2020 highlights the need for sound planning and the ability to adapt to fast changing events. As with other business sectors, the life insurance industry is facing an unprecedented convergence of challenges due to the COVID-19 pandemic. However, the financial needs of HNW individuals have not fundamentally changed during this time of economic volatility,” Marc Lieberman, president and CEO of TLB, said. “In fact, their demand for solutions that can help to protect and maximise their financial legacy is greater than ever.”

The guide is produced in conjunction with Hubbis (HK) Ltd.