Matthieu Favas
The founders of Folium Capital have rounded up 17 investors for their inaugural timber fund, with 13 committed to their debut agriculture vehicle.
The Deprez Family now owns more than 50% of Greenyard, a long-time private equity favorite with a market capitalization of more than €970m.
Institutional investors may soon be able to access the underserved mid-market via crowdfunding platforms.
The Australian super-owned vehicle was put on the block by manager AgCap in March in an auction run by CBRE.
The $323bn pension fund last year proposed expanding its forestland program, which has consistently missed its benchmark since inception, to include agricultural products.
The company is set to list farmland, ranch and timberland opportunities across the Americas worth up to a few million dollars.
The California Public Employees’ Retirement System took a hit on its real assets portfolio in fiscal year 2015-2016 that impacted its short-term and long-term returns for the $21.7bn program.
The investment firm hired former Goldman Sachs and JPMorgan professionals to focus on real assets in its San Francisco office.