Fund Structure

Investment manager Sapient Capital Partners is targeting a net IRR of 12%-14% for its first dairy fund, which has lined up a seed portfolio of assets in Australia.

Founder Matt Crisp says the plant-based protein supply chain has been the natural ‘proving ground’ for the company’s data and analytics platform, which can also support future food system trends.

The vehicle aims to raise A$500m in its first 12 months, providing loans of A$10m-$150m to counterparties across a variety of commodities.

Private markets co-head Richard Jacobs says the firm aims to raise up to €1bn within the next three years for the open-ended vehicle targeting OECD farmland.

Martin Davies says the market’s move from closed-end funds to permanent capital vehicles has shaped, and been shaped by, the changing nature of LP demand for farmland.

The Melbourne-based GP is targeting 10-12% returns for its new vehicle, building on the 2019 launch of its Diversified Agriculture Fund.

A presentation to the pension details PGIM Agricultural Finance & Investments’ plan to raise $600m from a small number of investors and add to an existing $400m farmland portfolio.

The greenhouse grower went public via a SPAC in February and sees an opportunity to capitalize on the widespread demand for ‘high-tech growth investment,’ says president David Lee.

Robert Tichio says the $402.5m vehicle is hunting growth-oriented agriculture opportunities to match the SPAC market’s early focus on mobility, electrification and other carbon-transition subsectors.

The growth of special purpose acquisition companies last year added more than $40bn to the pile of capital chasing buyout deals, according to the consulting firm's latest report.