Fund Structure

New Harvest, chaired by industry veteran Don Mackay, is aiming to hold a first close of A$150m before the end of 2022.

Tenacious Ventures will build on the A$35m close of its first fund, which surpassed its target and raised capital from the Clean Energy Finance Corporation, among others.

QIC plans to raise at least A$500 million for the Queensland Natural Capital Fund, its first commingled agriculture and natural capital fund.

Addison Taylor says new fund managers and foreign investors are driving an evolution of farmland markets in Arkansas, Louisiana, Mississippi and Tennessee.

Co-founder Adam Waglay says the firm’s ability to offer a menu of co-investment options has played a key role in helping Butterfly become a ‘partner of choice’ for leading LPs.

Jake Espenmiller says a recent three-year equity-focused stint with Oak River Farms confirmed the importance of local networks in ag lending.

The firm’s two flagship open-end vehicles returned 17.47% and 22.28% last year, buoyed by demand from permanent horticulture in Australia – despite wetter-than-average climatic conditions.

The firm, co-founded by partners including three former Queensland University of Technology start-up program managers, is seeking up to A$50 million for its first VC fund.

The 7,365-acre Catahoula Parish, Louisiana, farmland property produces crops including cotton, soybean, rice, wheat and was purchased from Farmland Partners late last year.

Data products manager Allison Kopf says the company has already helped facilitate about $250m in expansion and project finance capital through a process it plans to accelerate over the next 18 months.