First-time fund managers are set to have an even tougher time on the fundraising trail amid the pandemic, but there could be opportunities for those raising capital on a deal-by-deal basis.
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.
Investment directors Michael Blakeney and Nick Waters are leaving in a development that MD Kim Morison described as ‘disappointing.’
The document paints a picture of deceit, bribery and personal enrichment at the collapsed emerging markets firm.
Three LPs have confirmed to Agri Investor they have made commitments totaling a combined $350m to a fund that launched in December.
The Colorado-based input sales and distribution company is facing challenges Moody’s described as including the 'vagaries and seasonality of North American agriculture'.
The vehicle secured $100m from the Vermont Pension Investment Committee and will aim to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.
Digital Agriculture Services found a strong correlation between drought-affected and fire-hit land, with 86% of fire-hit land suffering at least a 1-in-10-year rainfall deficit.
The firm, which is gearing up to launch its three largest funds, expects AUM to ‘compound significantly’ on the back of increased distribution efforts and more mature track records.
Filings suggest the firm co-headed by an ex-KKR principal is continuing to raise capital for its second fund.