Fund Structure

The $11.6bn pension’s chief investment officer Carlos Borromeo says the two firms were selected from a list of seven in a search to fill a farmland allocation added for diversification.

Co-Founder Trent Yang says agriculture could account for about 30 percent of the firm’s sustainability strategy, which seeks mid-teens returns.

Packhorse Pastoral Company, which is targeting A$1.5bn in total for its first fund, has made a strong start after just six weeks of fundraising.

Managing partner David Taiclet says the firm’s early agtech investments helped attract institutional capital to its $169m Fund II, while interest in its $88m RBIC was not limited to Farm Credit System institutions.

Cristina Hastings Newsome hopes a natural capital base accounting for a broader set of opportunities beyond carbon will strengthen collaboration with producers.

Senior managing director Marc Drouin says underused irrigation infrastructure helped make the C$204.5bn pension’s entry into European ag a highlight within natural resources deployments last year.

Ejnar Knudsen says US pensions are among LPs in a distinct AGR vehicle focused on the type of ag-related real assets that proved resilient throughout covid-19-related shutdowns.

Packhorse Pastoral Company is aiming to raise A$1.5bn for its first pooled fund – and it wants it all to come exclusively from Australians.

The firm, one of the first VC firms to focus on Australian agtech, exceeded its fundraising target of A$30m for its inaugural vehicle.

Managing director Nicolas Leyssieux says the C$365bn pension aims to deploy about C$2bn over the next five years, with a primary focus on the US and Australia.