Institutional Investors

The pension had also acquired secondaries stakes in two separate farmland funds now managed by Nuveen at the end of 2021, which were worth a combined $456m.

The final figure is yet to be rubberstamped but a 5% allocation would represent £1.2bn and the pension needs to deploy at least 2% of AUM into natural capital ‘to make it worthwhile.’

Capital markets lead Kavitha Sampath says non-operating landowners are among potential customers for rural loans being offered in partnership with Compeer Financial and Evergreen Bank.

Australian farmland recorded a ‘solid’ annualized return for Q3 2022, but returns on a quarterly basis fell to just 0.1% as both income and capital growth stall.

Jessica Hans, who has also worked at the Blackstone Group, says this point in the market cycle brings opportunity to uncorrelated sources of yield.

Breakthrough Energy Ventures, a VC fund founded by Bill Gates, contributed to a $12m second-phase seed round alongside Harvest Road and other investors.

Peoples Company’s annual Land Investment Expo saw attendees trying to predict the direction of US interest rates, geopolitics and the weather – but the centrality of government support only appears to be heading in one direction.

Empowering female decision makers in ag is an important step toward building a more prosperous food system, says Women in Agriculture initiative director Leonor Gutierrez.

Competitive markets and new fund investments dictate that the pension expects it will take up to 24 months for its capital to be deployed through Ceres’ Midwest-focused open-ended farmland vehicle.

In a year of economic shocks and volatility across asset classes, the UK’s forestry sector demonstrated low or inverse correlations to equities and bonds.