Investment Approach
This strategy is dedicated to building a global and diversified portfolio of rural assets, primarily farmland, generating stable, attractive returns over the long-term. It focuses on high-quality global farmland with a history of production and resilience through economic and commodity cycles. Investments are focused on rural assets in the USA, Australia, New Zealand, and Canada and include staple row crops, animal protein, and permanent crops. This highly experienced team has developed a robust due diligence process, large deal pipeline, and broad global network of best-in-class local operators. Their approach relies on a deep understanding of assets’ positioning on the global cost curve and the implications for risk and volatility.
Farmland as an asset class has historically offered the following benefits:
- Good store of value
- Low correlation to other asset classes
- Inflation hedge
- Yield
- Strong long-term secular trends
Core Principles
- Diversification across geographies, commodities, and operating models
- Robust due diligence and analysis of Environmental, Social, and Governance factors to help identify hidden value and risk
- Capitalize on economies of scale, productivity gains, and create a portfolio which is greater than the sum of its parts
- Leverage broad global network to source opportunities and best-in-class local operators
- Entrepreneurial partnership model which aligns interest in order to attract quality operating partners
- Focus on financial discipline, strategic development of partnerships, sharing best-in-class agricultural practices across partnerships and increasing professionalization and sophistication of operating partners