Daniel Kemp

Laguna Bay managing director Tim McGavin says DBJ is a ‘natural fit’ with the firm’s investment philosophy and hopes to secure further capital from Japanese LPs.

Paraway Pastoral Company, owned by MAM’s Macquarie Pastoral Fund, will sell Borambil Station, Pier Pier Station and the Burmah Aggregation for a likely A$180m.

Perella Weinberg Partners has been appointed to find a US investor to take a 25% stake in NZ Rural Land Company’s existing portfolio.

Macquarie Asset Management has A$38.4bn of equity dry powder to deploy across all asset classes after another strong year of fundraising.

The Kilter Agriculture Fund will invest in farmland water and is targeting A$65m in a first fundraise that will close later this month.

Despite a surprise interest rate rise this week by the Reserve Bank of Australia, farmland values continue to hold up – although growth is slowing.

Wendy Norris helped lead the Future Fund’s investment in OneFortyOne in 2012 in a previous role as head of infrastructure and timberland.

Eva Warigia has joined New Forests from the East Africa Private Equity & Venture Capital Asasociation to become associate director, investor relations, Africa, along with four other appointments.

Agreement between the two countries raises hope that 80.5% tariffs on Australian barley exports to China could be lifted within the next four months.

As some individual farmers hold back on committing to decades long land use agreements, private capital portfolios can play a role in looking long-term to help the sector decarbonize.