Director of economic and financial research Jackson Takach says proceeds from the 2010s continue to provide stability for many US farmers as interest rate concerns add to their financial stress.
The secondaries firm is aiming to convince more than half of the timber fund’s shareholders by Saturday – a task likely made easier by the withdrawal of a rival bid last week.
The $129bn pension, which has backed Agriculture Capital and Homestead Capital among others in the past, is providing one-sixth of the dry powder sought by IFC's $1.5bn buy-and-lease vehicle.
Agriculture in Russia and Ukraine seems to be back in robust shape. For foreign investors looking to make the trip, however, factors to consider run beyond economics.
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.
A source familiar with the deal tells Agri Investor it comes as some international investors explore re-entry into a market many fled three-and-a-half years ago amid heightened tensions with Russia.
Market insiders tell Agri Investor properties recently added to the NCREIF Farmland Index suggest CPPIB’s exited farmland portfolio was a diversified one with concentration in the Delta and Corn Belt states.
The manager of RFG has acquired its third property in a month Down Under amid what it deems a positive outlook for cattle in the country.
Partner Sofiane Lahmar says the Africa-focused PE firm, which has nearly fully deployed its $725m Fund II, will look to increase its exposure to agriculture.
The latest NCREIF Australian Farmland Index, which splits annual and permanent cropland for the first time, shows ag returns Down Under continuing to outperform the US.