Investment in Perfect Day

We have invested in the Silicon Valley biotech company Perfect Day. It has developed a fermentation process for the manufacture of animal-free protein identical to that found in real cow’s milk. This process is used to produce animal-free milk products, both by the company independently and in partnership with leading food companies.

The company was founded by Forbes Prize-winners Ryan Pandya and Perumal Gandhi, and is seen as a market leader in its field. In March 2021 it was named one of Fast Company’s “Most Innovative Companies”. Its shareholders already include investors such as CPP Investments, Horizons Ventures and Temasek Holdings.