Viresco acquires its first asset for the Queensland Farmland Fund, a 22,000ha aggregation in the state’s central west.
ADM Capital plans to launch a successor fund to its Asia Climate-smart Landscapes Fund, with a focus expanded from Indonesia to the broader Southeast Asia region.
The firm has been building up to its first agricultural private credit strategy with a 15% allocation in its Fund IV and a $300m debt partnership with Barings.
The vehicle was launched in 2024 with a $50m fundraising target.
The Canadian pension manager has now committed to three Australian agricultural platforms in three years.
Rockefeller managing director Ghita Benabderrazik says her unit’s investment with the Lafayette, Colorado-headquartered New Island Capital spin-out is designed to signal that a first-time manager can deliver return while driving impact.
The vehicle has been backed by investors including FMO, Proparco and Swedfund.
Emmanuel Simon says the continent’s fragmented farm base is a financing challenge, as it looks to the energy sector for lessons on how to support primary production.
Politicians and farming advocacy groups have slammed the acquisition of Rushy Lagoon by Gresham House, Aviva Investors, and the Clean Energy Finance Corporation, but Gresham House’s CIO says the criticism is unwarranted.
Partner Rich Gammill says the firm’s loans into the food value chain offer stability that differentiates the credit strategy from more tech-exposed vehicles in the market.