Chris Janiec
Pressure on timber revenues is widening the gap between buyer and seller expectations while increasing the importance of alternative land uses.
Executive vice-president Charlie Pringle says markets in Japan, Korea and China helped motivate a push to raise exposure to the region within its $1.2bn evergreen fund to as high as 30%.
The firm has been building up to its first agricultural private credit strategy with a 15% allocation in its Fund IV and a $300m debt partnership with Barings.
Permanent cropland remains a drag on the index, returning -1.62% in the second quarter and -7.12% over the trailing year.
After meeting its five-year deployment target, MD Nicolas Leyssieux says the Canadian pension is looking to Europe, LatAm and Canada for its expansion.
The Canadian pension manager has now committed to three Australian agricultural platforms in three years.
Nearly a decade after TPG and General Mills backed its conversion, the 34,000-acre South Dakota ranch is being pitched to buyers with interest extending beyond organic grain.
Rockefeller managing director Ghita Benabderrazik says her unit’s investment with the Lafayette, Colorado-headquartered New Island Capital spin-out is designed to signal that a first-time manager can deliver return while driving impact.
The firm invested in the flavored ingredients and beverages company in 2017 through its Food Chain Fund IV vehicle.
Sydney-based Michael Barbara joined the Portland, Oregon-headquartered timberland manager in 2024 after nearly two decades at New Forests and succeeds veteran Stan Renecker in leading global acquisitions.