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Kilter Rural sells 50% stake to Regal Funds Management and launches A$250m farmland fund

Regal will also help raise funds for the Kilter Water Fund, while two of its directors will join Kilter’s board.

PSP joint venture buys 41,000-acre Hawaii property

A market source tells Agri Investor the creation of the diversified Mahi Pono joint venture reflects the C$159bn pension’s strategy to develop between 20 and 25 platforms across agricultural regions and sub-sectors.

Gladstone acquires California almond orchard for $8m

The purchase of the 761-acre property comes as USDA predicts record production of the nut.

Equilibrium’s second water fund targets $300m

The vehicle’s predecessor, Wastewater Opportunity Fund, closed on $184m in 2016 and focused on the construction of facilities to process food, beverage, agricultural and municipal wastewater.

Blue Sky appoints former Hastings boss as chairman

Andrew Day, who led Hastings Funds Management for six years, will step into the role later this month.

Agri Investor Forum: Ag funds navigating shifts in LP sentiment

While the opening panel at our 2018 Forum in Chicago acknowledged such near-term headwinds facing managers as increased competition for fixed income, there was optimism for long-term growth.

Five takeaways from CalPERS’ investment committee meeting

The $362bn pension plan laid out its plans for its direct investment program and named an interim CIO, reports Agri Investor sister publication Private Equity International.

NCREIF index shows earnings driving growth in US timber markets

While the sector improved in Q3, Forest Research Group economist Jack Lutz tells Agri Investor the next quarterly report will provide a clearer picture of the market’s response to the US-China trade dispute.

ACERA to make ag and timber pledges in effort to boost real assets

As it scouts the market for private infrastructure, timber and farmland funds, the $8.1bn pension has created a temporary allocation to invest in passive vehicles offering exposure to the same underlying assets.

Will Oaktree’s investment be enough to save Blue Sky?

The US firm has agreed to invest A$50m in the embattled Australian manager through a convertible loan note. Blue Sky says this is a positive move for the business – but investors probably need more convincing.

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