Private equity firm bets on organic foods.

Pass the organic quinoa, but hold the unsavoury investments.

Organic Quinoa growing.

A private equity firm committed to a socially responsible investment strategy is preparing to place new bets on organic food, green consumer products and environmental innovation.

Vancouver-based Renewal Funds Management Co. has raised $63-million for Renewal3, well ahead of its target of $50-million. The team at Renewal Funds is again on the lookout for early-stage growth companies. Renewal3 is the third fund launched by the private equity firm, which previously raised $35-million for Renewal2.