Commodities

The Australian Taxation Office has published its annual report covering the state of its register of foreign ownership of Australian water – with Canadian investors still the largest holders of water entitlements.

The sale represents Cibus Capital’s first exit of a wholly owned portfolio company from the $322m Cibus Fund I.

The Australian government’s proposed intervention in Murray-Darling Basin water markets should be good news for investors in terms of values – but it may come with additional scrutiny should weather conditions get drier.

Aither’s annual Water Markets Report shows decline in the Aither Water Entitlement Index, a measure of entitlement values, for the first time in a decade.

Glencore’s merger with Bunge brings CPPIB and BCI into the evolving quartet at the heart of global ag trade, albeit in a less direct form than if it had succeeded in creating a true rival.

Proterra’s Fund V has already acquired two farms in the US and will primarily target assets in the Midwest, Pacific Northwest and southern states.

With timber imports resuming and discussions over barley tariffs showing promise, there is hope that broader trade barriers will be lifted and that capital inflows can resume.

Cordiant Capital managing director Cédric Garnier-Landurie said ‘even the really good names’ have experienced a squeeze on their revolving credit facilities.

Cordiant managing director Cédric Garnier-Landurie says the business wanted non-dilutive capital to support its growth plans but the firm could make an equity investment in the future.

The evergreen fund has taken commitments from European institutional LPs and a collection of private investors.