Fund Structure

The fund manager has exited the last of 17 properties held by SAF, a fund owned by a group of Australian supers.

Various indicators suggest institutional interest in agri is on the rise. Yet, so far, the appetite of the asset class’s largest investors does not extend much beyond their borders.

Novel asset classes must start somewhere, and often they start with private equity-like structures. Agriculture is no exception: most managers offer closed-ended funds, or are seeking to raise one. Over the last couple of weeks, however, two firms went on the record about launching open-ended vehicles. Coincidence or something more? Yesterday, we reported that Milltrust […]

The next 12 months are set to transform the valuations landscape for alternative investment funds.

As managers look at alternatives to a standard 8% preferred return and 100% catch-up waterfall, how does this affect how profits flow to investors and the manager? Goodwin’s Michael Halford and Benjamin Yeoh modeled them to find out.

Co-investment management fees could become more common amid fears that limited partners are rushing into deals to avoid charges. “Everyone is asking for co-investments,” Kaarina Suikkonen, managing partner at Swiss family office advisory Apaja, told delegates at Private Equity International‘s Women in Private Equity Forum on 21 November. “It used to be the way to reduce […]

Stafford's latest timber fund has so far been invested most heavily in secondaries, followed by co-investments, said Tom Goodrich, a timber group partner.

Delegates at Agri Investor's Australia Forum, including Elizabeth O'Leary, head of agriculture at Macquarie Group, discussed offering new product lines away from the traditional fund structure.

Blue Sky Strategic Australian Agriculture Fund will invest across agriculture infrastructure, agribusiness private equity and water entitlements offering an IRR of 12%-15%.

The $105 billion Washington State Investment Board has approved a $300m commitment to the row- and permanent-crop farmland management company, taking the pension's agri exposure to $1.1bn.