Chris Janiec
Chief executive Pat Roney says plans for the property include replanting its vineyard acres, residential development of certain parcels and consolidation with other of the firm’s wineries to utilize currently unused winemaking capacity.
The sale to Mechanics Bank underlines the Dutch lender’s redoubled focus on agriculture following a $369m Department of Justice settlement last year, says North American rural banking head Curt Hudnutt.
The historically timber-focused firm hired former Brookfield Asset Management director Stavros Koutsantonis this year as part of its expansion into conservation-focused agricultural investments.
LP demands for climate-mitigating strategies and ESG hint at how the asset class might come into sharper focus.
Adrian Percy, who already advises two of the firm’s portfolio companies, expects regulatory pressure to provide opportunities for agtech investors.
Brown Gibbons Lang & Company director Daniel Gomez says firms that have historically avoided food investments are 'dipping their toes in the market.'
Peter Hawthorn is a former vice-president of corporate strategy with the Minnesota-based agribusiness giant.
Managing partner Dayton Miller says the firm’s association with 'smart money' has provided comfort to investors and helped create an exchange of dealflow.
Tillable co-founder Corbett Kull says the platform is already connecting growers and institutional landowners.
Skye Macpherson left the New York headquartered asset manager earlier this year and will focus on the Nuveen subsidiary’s proprietary research and analytics, developing new investment products and expanding its ESG investment process.