PHT Investment Group launched a new fund as a next step in its mission to transform the post-harvest infrastructure sector.
PHT Growth Fund LP is a new investment vehicle established to make strategic acquisitions and investments in temperature-controlled food supply chains, with a mission to support the movement of fresh produce from field to table.
“The post-harvest infrastructure sector is long overdue for improvement; right now, globally, over a trillion dollars of food goes to waste each year,” says Jim White, founder and CEO of PHT Investment Group LLC, the general partner of PHT Growth Fund. “Our new fund will dramatically reduce that wastage through the changes we are making in the industry. Investing in a carefully selected portfolio of cold storage infrastructure assets and mission-critical logistics will increase productivity, increase shelf life, increase the nutritional value of fresh produce, and reduce waste. All of this will result in savings at the retail level as well as profits to growers and investors.”
Key takeaways:
- PHT Growth Fund is said to be the first and only investment firm in the nation that focuses on the post-harvest infrastructure sector.
- When fresh produce is pre-cooled immediately after harvest and before being placed into cold storage, the nutritional value and shelf life of the commodities are maximized. PHT Growth Fund offers a vehicle to make unparalleled change in an essential market.
“Right now, one-third of all food produced for human consumption is lost due to spoilage, mainly because of outdated infrastructure and improper handling after harvest,” says White. “We aim to change that. Our mission is to combine diversified investments in pre-cooling, cold storage, infrastructure, logistics, and technology to revolutionize the ag industry and eliminate food waste to the immense benefit of growers, consumers, and investors.”
