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NCREIF’s Q1 results showed US farmland delivered a negative return for the first time in almost 20 years, but the coronavirus played a very small part in it.
Timber, wood, timberland, forestry
GPs have told us they have noticed an uptick of interest from new investors, with the smaller end of the market already seeing discounted opportunities.
Managing partner Gian Paolo Potsios says the firm has seen an increase in interest among institutional investors in the asset class due to the turmoil created by coronavirus.
The University of Illinois professor says growing global production and uncertainties surrounding trade and income helped produce the first negative quarterly cumulative farmland return recorded by NCREIF in 19 years.
The AgIS Farmland Club Fund will target gross IRR of 8-12% though up to 10 investments focused on permanent crops.
Texas - water - The Moses Bayou
New private equity firm Bootstrap Ventures has reported seeing more opportunities among groups challenged by coronavirus but has had to delay the launch of its debut water fund.
Executive secretary Gary Harbin says KTRS expects its separate account to yield an 8% annual return when measured over an envisioned 30- to 50-year hold period.
The Series B shares will pay an 8 percent annual dividend and were offered as part of deal that gives SunOpta the option to call on a second tranche of $30m from Oaktree and Engaged Capital before mid-July.
Chief investment officer Ross Iverson says a global focus on liquidity is likely to make closed-end fundraising markets challenging over the next 18 months.
CubicFarms chief executive Dave Dinesen says Ospraie’s portfolio includes ideal customers for the start-up’s undulating path automated growing systems.
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