Chris Janiec
Chief investment officer Geert Peetermans says the change reflects a natural evolution towards investor-favorable structures within the rapidly developing impact investing market.
Commitments from the likes of AOL co-founder Steve Case’s investment firm and NBA player Blake Griffin show 'it’s an exciting time to be in agriculture,' says founder and chief executive Jonathan Webb.
The $713m pension’s search is being led by Segal Macro Advisors, which advised the Cambridge Retirement Board on a similar 2017 search resulting in a $15m commitment to the Hancock Timberland and Farmland Fund.
The sale of Pinnacle Agriculture followed warnings from Moody’s that the company’s leverage threatened to bring about additional restructuring or distressed debt exchange.
Harvard Management Company was forced to write off $1bn of 'deeply troubled assets' in 2017 but made investments totaling $100m in its last fiscal year.
As one of the few companies basing its business model on initiatives designed to re-imagine ag as a solution to climate change, the fortunes of Indigo Agriculture could prove to be a timely acid test.
Illinois SURS will commit $225m to real asset classes including ag while 20% of all new capital deployed will target firms owned by minorities, females and persons with disabilities.
The firm has acquired and leased two greenhouse facilities to indoor ag company Revel Green and will repeat the formula for its upcoming acquisitions.
Three LPs have confirmed to Agri Investor they have made commitments totaling a combined $350m to a fund that launched in December.
A market source says family offices are likely to be the source for much of the capital raised for the St Louis-headquartered firm's AgriFood Fund II.