Laguna Bay managing director Tim McGavin says DBJ is a ‘natural fit’ with the firm’s investment philosophy and hopes to secure further capital from Japanese LPs.
Paraway Pastoral Company, owned by MAM’s Macquarie Pastoral Fund, will sell Borambil Station, Pier Pier Station and the Burmah Aggregation for a likely A$180m.
The Harvard Management Company spin-out’s first vehicle was supported primarily by its former parent and $309bn insurance company, American International Group.
Dahab Associates director of research Kevin Connolly says farmland allocations are becoming more common among his investment consultant peers, while he sees opportunities narrowing in the market.
The main challenge in farmland investing is finding experienced managers to oversee assets, says Becs Willson, managing director at Proterra Investment Partners.