The private equity investment manager aims to capitalize on demand for higher-value food in China and other emerging economies.
The Brisbane-based asset manager is in discussions with Oaktree Capital Management over its lending covenants, although MD Kim Morison said investors should have ‘no concerns’.
Macquarie has closed its third fund, which was established in 2017 to invest in row cropping and permanent cropping assets, with deployment well advanced.
The Sydney-based manager is leaning on climate-change research to pick properties and is ‘confident’ returns will beat more passive strategies.
Stafford made its first farm acquisitions in the country in December, using a separate account, head of agriculture and food Jos Boeren told us.
Brussels will inject €45m as well as attract private and impact investors.
After launching an evergreen vehicle targeting high-net worth individuals in 2017, CEO Tom Eisenhauer says the new more flexible institutional structure comes amid a surge of interest from Canadian endowments and smaller pensions.
The $706m Hancock Timberland and Farmland Fund has backed a number of acquisitions, say portfolio managers.
The move comes after two failed follow-on fundraising attempts and a raft of senior departures over the years.
The manager has closed the vehicle on $322m, garnering an additional $130m for co-investments.