Home News & Analysis Fundraising

Fundraising

How to seal off-market deals in the age of mandatory auctions

Select Equities hopes to raise A$100m from a majority of domestic investors before listing the Bio Fund at a 20% to 40% premium. We zoom in on the mechanics of the 'private-to-public' vehicle.

Italy’s first ag fund targets double-digit returns

IDeA Agro has raised around 80% of its €100m target from a clutch of institutional investors. MD Gianandrea Perco tells Agri Investor why he thinks a successor fund could be much bigger.

Cannabis investor Acreage raises $119m ahead of Canadian listing

The IPO will help allay fears among private equity and institutional investors that the lack of legal consensus on cannabis creates financial risk, president George Allen tells Agri Investor.

Flurry of inexperienced investors ‘creates opportunity’ in Australian agriculture

Laguna Bay Pastoral Company boss Tim McGavin says the firm will probably launch a successor vehicle to its A$280m Australia and New Zealand-focused fund 'in the next year or so.'

Pinnacle raises $25m for cattle vehicle

Following its $200m acquisition of JBS USA’s feedlots in January alongside Ospraie, the New York-based firm has raised additional capital for cattle investments from a single investor.

New Forests hits full deployment on A$707m antipodean fund

The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.

AFGRI taps PIC and Fairfax equity in bid to create pan-African ag group

Chief executive Chris Venter tells Agri Investor the company, which financial backers took private four years ago, could seek to co-invest with institutions to seal strategic acquisitions.

Growth Farms secures A$10m cornerstone pledge for new Australia lease fund

The A$100m vehicle has also received significant interest from two overseas investors and a flood of solicitations from potential tenants, its managing director tells Agri Investor.

MainePERS commits $45m to Paine flagship fund

The $14.3bn pension was also an investor in the previous $893m iteration of the Paine Schwartz Food Chain Fund, which is seeking $1.2bn for the fifth vehicle in the series.

GEF spin-out hits $80m first close on Africa timber fund

Criterion Africa Partners, a Maryland headquartered firm comprised of the team formerly behind Global Environmental Fund’s Africa Sustainable Forestry program, is targeting $150m for the team’s second vehicle.

Copyright PEI Media

Not for publication, email or dissemination