*Agcapita’s fourth fund is now fully invested, not near deployment as previously reported.
Canadian farmland manager Agcapita has fully deployed Fund IV with its latest acquisition in Saskatchewan.
The fund, which closed on C$10 million ($8.8 million; €7.1 million) in the summer, bought 800 acres near the village of Paddock Wood, according to a press release.
Agcapita launched Fund V in June targeting C$20 million for a first close during the first quarter of next year.
All the funds mostly target retail investors and operate buy-and-lease investment strategies. But the firm’s founder, Stephen Johnston, told Agri Investor in September there had also been some interest from local institutions.