Institutional Investors

New Zealand’s sovereign wealth fund is aiming to increase its ag weighting to 3% of its assets and is increasingly looking offshore to achieve this, following its first move into Australia in 2017.

Firms are starting to get over ‘the hangover of 2008’ as a new, more ESG-minded, generation of leadership assumes control.

The Canadian pension made the investment through its strategic tie-up with the embattled fund manager, securing the asset from a Singaporean vendor on a sale-and-leaseback deal.

As it scouts the market for private infrastructure, timber and farmland funds, the $8.1bn pension has created a temporary allocation to invest in passive vehicles offering exposure to the same underlying assets.

Alvaro Pino, investment officer at the Dutch development bank, tells Agri Investor that DFIs and impact investors remain the main source of capital for all but the largest participants in the South American nation’s agricultural economy.

New Zealand’s sovereign wealth fund has namechecked its 42% stake in Kaingaroa Timberlands as a strong performer in FY18.

The $129bn pension, which has backed Agriculture Capital and Homestead Capital among others in the past, is providing one-sixth of the dry powder sought by IFC's $1.5bn buy-and-lease vehicle.

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.

As the asset class grows ever more defensive, large investors seek to safeguard returns by squeezing out costs. But GPs still have good cards to play.

The $122bn Danish pension’s ‘infrastructure’ portfolio has more than doubled returns year-on-year. Here we zoom in on the timberland holdings that have helped push this growth.