Before co-founding Aliment Capital, Ben Belldegrun managed food and agriculture investments inside Brevan Howard's $300 million Natural Resources Fund, an experience that shaped his preference for pre-IPO agriculture companies, his practice of building a real portfolio before asking investors to commit to a fund, and his habit of testing potential investments with major ag companies before backing them. He has also focused on the overlap between agriculture and life sciences, looking closely at gene editing and biological inputs, paying attention to actual grower adoption rather than just sustainability messaging, and favoring companies like Agrovision that control their entire production process rather than just one piece of technology.
About their Fund
Sectors
Food & Ag, Biotech, Climate, Health, Logistics
Rounds
Series B+
Avg Check Size
Notable Investments
Aliment Capital grew out of Pontifax AgTech, a strategic partner of healthcare VC firm Pontifax Group, and evolved into a growth-stage investor that backs already-established food, agriculture, nutrition, and biopharma companies—focusing on crop inputs, gene editing, automation/robotics, and health/nutrition—rather than early-stage or mission-driven startups. Its second fund closed at $302 million, nearly triple its first fund, with about 70% of capital from new investors, and its approach includes advisors from major food and ag companies plus deals like Agrovision, which combined genetics, production, AI, and distribution under one company tied to changing consumer health trends such as GLP-1-driven produce demand.
Other partners at the fund
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Investments
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