Agri-food and forestry funds rallied in H2 as significant closes at Paine Schwartz, Proterra and Brynwood Partners propelled capital raising.
Annual fundraising for 2023 has slotted into the 8.2bn five-year average as 2022 emerges as the market’s major slump-year since 2018.
Data from sales and lettings agency Knight Frank shows farmland in England Wales was valued at more £9,000 per acre for the first time in Q4 2023.
Tilhill and Goldcrest Land & Forestry Group’s annual report also finds land listings for natural capital were valued at £276m, which represents a 241% rise on 2021-22.
The number of farmland transactions continued to decline in the first half of the year, which fell to its lowest level in the past 28 years.
The Australian Taxation Office has published its annual report covering the state of its register of foreign ownership of Australian water – with Canadian investors still the largest holders of water entitlements.
Our first fundraising report for agrifood and forestry vehicles paints a bleak picture but the outlook for H2 and beyond shows signs of promise.
H1 2023 fundraising for agrifood and forestry funds dropped to $1.4bn, which is the lowest half-year figure since H1 2011.
Despite the segment’s leading contribution, it experienced a near 10% decline on H1 2022 figures while NBS removals credits account for less than one third of its total.
Roberto Viton says financial distress and large asset managers’ demand for nature-based assets are among the factors driving consolidation in GPs focused on food and ag.