Stafford Capital Partners, which invests in timberland through funds of funds, has added agriculture to its investment strategies, saying it intends to replicate the model which has proven successful for its timberland investments.
To launch the strategy Stafford has teamed up with EBG Capital, an environmental investment firm based in Zurich which also manages funds of funds and co-invests alongside other firms.
“We’ve been looking at the agriculture market for some time and decided now is the right time to take an agriculture strategy to investors,” Angus Whiteley, Group CEO of Stafford Capital Partners, told Agri Investor. “We see little out there which gives the breadth of experience that we’ll be bringing.”
In a statement Stafford said its goal is to offer a globally-diversified portfolio of investments across agriculture. The firms says it favours strategies where “biological growth and achieving productivity enhancement” drive performance, rather than a reliance on land price appreciation. The statement said Stafford’s “experiences of sourcing secondary fund investments, and making co-investments….are key elements of delivering this solution.”
Stafford provides investment management and advisory services in alternative assets and has $4.5 billion under management.
In May the firm announced a final $484 million closing of Stafford International Timberland VII, its fund of funds focused on investing in timberland funds. The fund has already made two secondaries investments in addition to several other co-investments and primary commitments. In June last year Stafford acquired a $700 million portfolio of assets from Macquarie Investment Services and Macquarie Investment Management.