Chris Janiec
Co-founder Ben Belldegrun says investors are eager for direct exposure to sub-sectors like biological inputs and food traceability.
Senior vice-president Mario Therrien says the tie-up provides the C$333bn pension with a ‘window’ into a sector it sees as a real assets portfolio extension well-suited to its long-term sustainability focus.
Peoples Company owner Steve Bruere says institutional investors could sell assets through the 1031 exchange market, but the structures offered by DST Farms are largely aimed at retail investors.
Wave Financial managing partner Benjamin Tsai says tokenization of spirits expected to appreciate 3-5x over a five-year fund life could eventually support a liquid market offering exposure to the aging of whiskey.
The food-focused subsidiary of Saudi Arabia’s $300bn Public Investment Fund increased its 20% stake in Minerva Foods it purchased in 2016 to 33.8%.
Sourcing capabilities and a focus on smaller transactions helped distinguish Red Reef from other farmland managers for the Utah School and International Trust Fund Office, which previously committed $25m to the vehicle.
ADQ is also among several potential investors into the Louis Dreyfus Company and acquired a 50% stake in multinational agribusiness Al Dahra Holding Company in May.
Senior investment offer for real estate Tim Hayes says the $53.4bn pension will seek balance across risk and sectors in building out its 'other real assets' portfolio.
Principal Ryan Ramsey says a similar focus on low correlation, capital preservation and specialized management of long lived, capital-intensive assets is part of what makes ag 'ripe for institutional investment.'
Weyerhaeuser acknowledges in a regulatory filing that fire had reached its Oregon properties and its chief executive will provide an update this week.