Real Assets

Partner Jeff Zweig says the 6,650-acre property will supply local and export customers and provide an opportunity to demonstrate the active management that drives the firm’s open-end timber strategy.

RFG president Sage Hirschy says 405 Timber Opportunities will acquire properties well suited to recreation and hunting property development within two hours of major cities in the US Southeast.

The firm has expanded the vehicle’s mandate to include other areas such as biodiversity net gain credits and believes it can deliver double-digit returns.

The firm is eyeing a successor to its Irish SLM Silva Fund I which closed on €30m in 2018.

Peoples Company is striking a balance between cooperative and competitive farmland services as it deploys institutional capital while supporting GP’s asset management.

Kudu chief executive Rob Jakacki says his firm’s permanent capital structure is a good fit with real assets like farmland and infrastructure.

The vehicle has hit its fundraising target and received commitments from LPs including Clean Energy Finance Corporation, AP2 and Kyushu Electric Power.

The president of Peoples Company says his priority is to create a nationally scaled farmland service provider – not a competitor to fund managers.

Co-managing director Paul Greenwood says the agribusiness firm’s inclusion within his GP stakes fund reflects how diversification benefits and return potential have increased agriculture’s appeal among global allocators.

The Dutch pension fund has now committed €300m to the buy-and-lease strategy.