Real Assets

QIC will look to raise and deploy funds for its first natural capital vehicle over a longer time horizon than originally planned, after senior leaders departed earlier in 2024.

The sale of One Tree for upwards of A$250m would mark another step towards the complete divestment of Proterra’s second Global Agriculture Fund.

Farmland LP’s Craig Wichner says lower prices, water regulation and debt exposure discouraged institutional participation in the auction of almond assets managed by Trinitas Farming before its bankruptcy.

BTG’s Mark Wishnie says an expectation that the private sector will be made responsible for its carbon emissions is driving action in voluntary carbon markets.

The vehicle has a $200m target and follows on the heals of its $500m Credit Fund II close in 2023.

Annual cropping continue to strongly outperform permanent farmland in the Australian Farmland Index, although returns were still only slightly in positive territory.

Merricks Capital, which manages the A$470m Agriculture Credit Fund, will become part of ASX-listed Regal Partners in July 2024.

The Queensland-based fund will seek to deploy more capital in its home state, building on existing investments including the QLD Regional Livestock Exchange.

Ecosystem Investment Partners is raising $650m for its latest environmental restoration strategy that targets wetlands, streams and endangered species habitats.

Dairy giant Fonterra will listen to offers for its consumer brands as well as its manufacturing facilities in Australia, New Zealand and Sri Lanka.