Impact Ag Partners shuffles leadership, targets US expansion

Former AACo CEO Hugh Killen will lead the firm in Australia as founder Bert Glover will shift to oversee growth in the US.

Impact Ag Partners has appointed Hugh Killen to the role of CEO and managing director, Australia, replacing co-founder Bert Glover who has moved internally to lead the firm’s expansion in the US.

Killen is the former chief executive of Australian Securities Exchange-listed cattle giant AACo and has left his roles as chair of Climate Asset Management and chair of the EMEA advisory team at Pollination to take up his new position with Impact Ag. He will remain a senior adviser to Pollination.

Glover will move to the US in his new role as the firm seeks to expand beyond Australia. Last year, it launched a joint venture in the US alongside partner Riverstone Holdings, called Agriculture & Natural Solutions Acquisition Corporation, a blank-check special purpose acquisition company that aims to create “a platform that decarbonizes the traditional agriculture sector and enhances natural capital at scale.” It is listed on the NASDAQ.

In a statement posted to LinkedIn, Impact Ag Partners said: “Hugh’s profound expertise in generating positive social and environmental impact, coupled with financial acumen and a deep understanding of the investment landscape, positions him as a stellar leader to steer Impact Ag towards new heights.

“In tandem with this exciting transition, Bert Glover will spearhead our expansion in the US, unlocking the potential to transfer innovative agricultural practices from Australia.

“The innovative approaches implemented on our Australian assets present a golden opportunity to enhance environmental and economic outcomes in the US agricultural sector. This move aligns with our commitment to scaling agricultural practices that prioritize the regeneration of our landscapes and foster positive environmental impact.”

In a separate statement, Killen said: “I am excited to be joining a company I have long admired when it comes to natural capital investing in Australia and beyond, and look forward to the challenge of continuing to scale their business.

“My passion and enthusiasm for Pollination and the impact it is making remains unchanged, though, and I am excited that I will continue to be involved as its global impact grows.”

Killen’s role with CAM saw him chair the firm, which is a joint venture between Pollination and HSBC Asset Management, as it was raising capital for its inaugural natural capital funds.

Impact Ag Partners launched a new regenerative agriculture and carbon fund alongside SLM Partners in 2023, called the SLM Agri Carbon Fund, that aims to raise A$250 million.

The firm said on its website that it made A$87 million in new land acquisitions in 2023, adding 137,000 acres of land to its portfolio.