Daniel Kemp

New Zealand’s sovereign wealth fund is aiming to increase its ag weighting to 3% of its assets and is increasingly looking offshore to achieve this, following its first move into Australia in 2017.

The Canadian pension made the investment through its strategic tie-up with the embattled fund manager, securing the asset from a Singaporean vendor on a sale-and-leaseback deal.

The fund, which has invested in water rights and almonds through the Brisbane-based manager, is monitoring the situation due to potential reputational risk.

The A$50m asset is the first to be broken off from the company’s wider portfolio, which is still subject to a sale process.

The US firm has agreed to invest A$50m in the embattled Australian manager through a convertible loan note. Blue Sky says this is a positive move for the business – but investors probably need more convincing.

We catch up with New Forests chief executive David Brand as the firm starts to deploy its A$873m third fund dedicated to the region.

Integrated NSW beef and cropping enterprise will be subject to an EOI campaign in October, allowing foreign capital to make a bid.

New Zealand’s sovereign wealth fund has namechecked its 42% stake in Kaingaroa Timberlands as a strong performer in FY18.

The embattled Australian fund manager will use the capital for co-investments and leverage Oaktree's reputation with prospective LPs.

The Brisbane-based firm, which was part of a failed Chinese-led bid for S Kidman & Co, has seen ‘continuing interest’ from investors in unlisted assets.