Chris Janiec
The AgIS Farmland Club Fund will target gross IRR of 8-12% though up to 10 investments focused on permanent crops.
Executive secretary Gary Harbin says KTRS expects its separate account to yield an 8% annual return when measured over an envisioned 30- to 50-year hold period.
The Series B shares will pay an 8 percent annual dividend and were offered as part of deal that gives SunOpta the option to call on a second tranche of $30m from Oaktree and Engaged Capital before mid-July.
Chief investment officer Ross Iverson says a global focus on liquidity is likely to make closed-end fundraising markets challenging over the next 18 months.
CubicFarms chief executive Dave Dinesen says Ospraie’s portfolio includes ideal customers for the start-up’s undulating path automated growing systems.
The Leading Harvest initiative was driven by a working group that included Nuveen/Westchester, Hancock Natural Resources Group and Cottonwood Ag Management, among others.
The vehicle will focus on healthy food and related supply chains – chief investment officer Ross Iverson said future efforts may broaden to include other elements of health and wellness.
Mbuyu Capital Partners co-founder Michiel Timmerman says low or non-existent fees for co-investments in Africa feed demand for such deals among his pension fund and endowment clients.
Mitchell Presser says ongoing consolidation of supply chains and agriculture-focused technologies is likely to drive deal activity in the years to come.
Registered investment advisors have long asked after a product to expand farmland exposure among retail investors, says Timbrel Capital’s Amanda Teeple.