Fund Structure

The $362bn pension plan laid out its plans for its direct investment program and named an interim CIO, reports Agri Investor sister publication Private Equity International.

Founder and chief executive Harn Soper tells Agri Investor how feedback from LPs helped guide the firm’s journey from smaller to larger fund targets and back again, before moving away from the structure entirely.

Agriculture is one of several asset classes under consideration for the Australia China Family Office Alliance which has launched with A$50m of seed capital.

Chief executive David Nicola tells Agri Investor the three-year term loan secured through the crowdfunding platform will allow his firm to continue building its model for scalable grass-fed beef production.

MS Biotech has commercialized a product that helps cattle and dairy farmers reduce labor and forage costs by accelerating the transition to high-concentrate diets.

The manager, which hit a first close on the €50m vehicle in March, will have deployed 10% of capital gathered once the transactions complete.

The Brisbane-based firm, which was part of a failed Chinese-led bid for S Kidman & Co, has seen ‘continuing interest’ from investors in unlisted assets.

FAI has already deployed 60% of capital raised at first close as it progresses towards its €50m fundraising target.

Hassad will invest in one of MIRA’s ag portfolios as part of the deal in a shift in strategy for the Qatar-backed group.

High-level discussions have taken place among industry super-funds to establish a new collective vehicle for ag investment, but the Royal Commission has drawn resources away.