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Bonnefield plans open-ended farmland fund for institutions – exclusive

After launching an evergreen vehicle targeting high-net worth individuals in 2017, CEO Tom Eisenhauer says the new more flexible institutional structure comes amid a surge of interest from Canadian endowments and smaller pensions.

Gladstone expects up to $200m in 2019 acquisitions

David Gladstone says the NASDAQ-traded REIT’s pipeline of potential acquisitions is 'as strong as we’ve ever seen', as he hopes to get the company's farmland portfolio to $1bn in 2020.

Westchester hires ex-BlackRock exec as portfolio manager

Skye Macpherson left the New York headquartered asset manager earlier this year and will focus on the Nuveen subsidiary’s proprietary research and analytics, developing new investment products and expanding its ESG investment process.

Hancock expects to re-open timber and farmland fund in 2019

The $706m Hancock Timberland and Farmland Fund has backed a number of acquisitions, say portfolio managers.

Blue Sky to raise new ag fund, renegotiate loan terms with Oaktree

The Brisbane-based asset manager is in discussions with Oaktree Capital Management over its lending covenants, although MD Kim Morison said investors should have ‘no concerns’.

Stafford launches A$150m Australia-focused farmland fund

Stafford made its first farm acquisitions in the country in December, using a separate account, head of agriculture and food Jos Boeren told us.

PSP Investments: Hawaii cropping plan reflects ag strategy’s growth

Head of natural resources Marc Drouin tells Agri Investor his unit would have been unlikely to take on such a complex agricultural investment three years ago.

Alaska Retirement boosts permanent crop target, opens to direct

ARMB real assets investment manager Nicholas Orr stresses row crops’ limited return potential in calling for changes to the pension’s $852m farmland portfolio.

Iowa PE firm closes second fund on $113m

Midwest Growth Partners founding partner tells Agri Investor the fund will target midstream and consumer-facing opportunities overlooked by larger investors.

Timber vets launch advisory amidst challenged market

Principals John Enlow and Eric Schwefler tell Agri Investor that Forest Resource Advisors will help institutions in a timber market characterized by compressing returns, changed LP expectations and the introduction of new fund structures.
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