Fund Structure

IDeA Agro has raised around 80% of its €100m target from a clutch of institutional investors. MD Gianandrea Perco tells Agri Investor why he thinks a successor fund could be much bigger.

Following its $200m acquisition of JBS USA’s feedlots in January alongside Ospraie, the New York-based firm has raised additional capital for cattle investments from a single investor.

Secondaries firm Stafford has put forward a hostile bid for Phaunos Timber, a global vehicle it used to manage. What is its chance of success?

The $14.3bn pension was also an investor in the previous $893m iteration of the Paine Schwartz Food Chain Fund, which is seeking $1.2bn for the fifth vehicle in the series.

Joy Basu’s exit from her role with the $2bn vehicle leaves it without a lead executive for agriculture, one of the seven sectors it targets.

Committing to a closed-end fund takes effort and time. So why would LPs ever want to exit a vehicle before the end of its term? We ask Stephen Addicott, a timberland partner at Stafford Capital Partners.

The development-focused asset manager has clinched a pledge from Kempen Capital for its new fund, which targets up to $300m over the next three years to support ag lending in the developing world.

The Harvard Management Company spin-out has raised $605m from US and international investors across two sets of timber and ag vehicles. We focus on LP commitments and the tenets of each strategy.

Minnesota State Board of Investment is considering a $150m commitment to the fifth iteration of the firm's flagship vehicle.

Mark Fischer of Australia’s Qualitas says institutions are increasingly keen on ‘crossover investments’ spanning ag, real estate and infrastructure. Agri Investor examines the firm’s latest fund, currently in market with a A$204m target.