The Montreal-headquartered firm’s open-end vehicle has recently expanded into European tree fruit through its acquisition of a majority stake in Spanish apple, pear and cherry producer Orchard Fruit Company.
The Premium Food Fund has made five investments to date and is 40% committed, with another two or three deals over the next two years set to take it to full deployment.
A rise in entitlement prices despite an abundance of water during a wet cycle was unexpected – but proves investors and owners of water are taking the long view.
Horizon is an affiliate of Denver-headquartered Resource Land Holdings that sold vineyards in Washington and Oregon to the Nasdaq-listed REIT in a $37m deal last month.
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.