Institutional Investors

As risks increase across a variety of sectors, lower-risk agri will become an increasingly important part of the portfolio of institutional investors, according to a paper released by an Australian think tank.

PGGM, which is invested in both Black River food funds, allocates approximately €12bn to private equity.

The property comprises 1067 hectares of mature almond groves that are owned by Macquarie Farm Assets and Resources Management.

The purchase from Flight Group was part of a larger deal which also saw Timberlink, an investee company of New Forests, bought sawmilling assets from Flight Timbers.

The pension giant's second agri fund has exceeded its $2.5bn target.

A listing would see PIA join REITs Farmland Partners and Gladstone Land, while a third vehicle, American Farmland Company, recently filed for an IPO.

The firm is targeting PE groups focused on large-scale agribusinesses, impact funds and family offices as it sets its sights on sustainable cacao.

MCERA approved a $7.5m commitment to Blue Road Capital, a real asset manager focused on agriculture.

A report by Savills and Scottish Woodlands suggests forestry is performing well, with transaction values rising and timber prices providing a boost this year.