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Fund Structure
The $706m Hancock Timberland and Farmland Fund has backed a number of acquisitions, say portfolio managers.
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 made its first farm acquisitions in the country in December, using a separate account, head of agriculture and food Jos Boeren told us.
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.
ARMB real assets investment manager Nicholas Orr stresses row crops’ limited return potential in calling for changes to the pension’s $852m farmland portfolio.
Midwest Growth Partners founding partner tells Agri Investor the fund will target midstream and consumer-facing opportunities overlooked by larger investors.
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.
Executives from The tru Shrimp Company tell Agri Investor their network of Midwest farmers and former ethanol investors will allow the Minnesota-headquartered business to leverage the region’s grain endowment, investor base and hunger for development.
The pension is planning a much larger co-investment program as part of its 'Collaborative Model' approach to private equity, reports Agri Investor sister publication Private Equity International.
While the opening panel at our 2018 Forum in Chicago acknowledged such near-term headwinds facing managers as increased competition for fixed income, there was optimism for long-term growth.