Fund Structure

The Diversified Agriculture Fund will deploy approximately A$25m across three foundation assets and will move to an open-end structure to continue raising capital.

The Impact Alternatives Fund will invest up to 30% of its capital in regen ag and up to 20% in environmental assets in response to investor feedback.

Gunn Agri Partners says its new sustainable farmland fund will link manager fees to ESG performance in what is believed to be a first for the sector.

As of March 31, OCERS’ investment in the AAF was valued at $64.1m, which constitutes a 6.4% net IRR. The $16.7bn pension committed $40m to the fund in 2010.

In his first interview since founding Argyle Capital in August 2019, Morrison discusses his regrets, water’s standout performance and superfunds’ reluctance to invest in ag.

Managing director Chris Morris expects the LFP Opportunity Fund to reach its $20m target by October and be fully deployed by Q1 2021.

Managing director Chuck Templeton says two new seafood-experienced managing directors will help build a network of co-investors interested in early stage seafood and ocean ecosystem health opportunities.

Food-producing assets have experienced steady demand and cashflows throughout covid-19. LPs looking for yield might want to ask themselves why they’d want to put a time limit on ownership.

Schoen says NewAg Partners is eyeing up assets being prematurely disposed of by funds limited by their ‘10-year drop-dead PE’ structure, as it targets IRRs in the 12-15% bracket.

Principal Ryan Ramsey says a limited pool of buyers helps make the nascent secondaries market an exciting space within agriculture.