Fund Structure

Co-founder Gabe Santos says he hopes the fact many institutions 'don’t even have an allocation yet for farmland' means there is space for growing interest to turn into capital commitments. and Dan Little describe how farmland’s evolving investor base helps shape the firm’s fundraising and portfolio strategies.

Founder Paul Lightfoot says a wider investor base is being attracted to indoor farming, with no players in the space 'close to tapping out any of the major markets' as infrastructure funds lie in wait.

Managing director Tai Lin says Eat Just Asia will establish a processing facility and a packaging network throughout the region as part of an alternative protein supply chain-focused strategy.

Co-founder Ben Belldegrun says investors are eager for direct exposure to sub-sectors like biological inputs and food traceability.

The Diversified Agriculture Fund will deploy approximately A$25m across three foundation assets and will move to an open-end structure to continue raising capital.

The Impact Alternatives Fund will invest up to 30% of its capital in regen ag and up to 20% in environmental assets in response to investor feedback.

Gunn Agri Partners says its new sustainable farmland fund will link manager fees to ESG performance in what is believed to be a first for the sector.

As of March 31, OCERS’ investment in the AAF was valued at $64.1m, which constitutes a 6.4% net IRR. The $16.7bn pension committed $40m to the fund in 2010.

In his first interview since founding Argyle Capital in August 2019, Morrison discusses his regrets, water’s standout performance and superfunds’ reluctance to invest in ag.

Managing director Chris Morris expects the LFP Opportunity Fund to reach its $20m target by October and be fully deployed by Q1 2021.