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Fund Watch|News

ROC Private Equity Makes A$315M Counterbid Over MIRA for VitalHarvest

By Lynda Kiernan, Global AgInvesting Media ROC Private Equity has been making bold moves as it builds out an impressive and diversified portfolio of Australian ag holdings. In December 2020, the Sydney-based alternative asset investment manager fully acquired Emerald Grain from Sumitomo, adding the grain interest to its portfolio that already includes Australian Oyster Coast, […]

Australia’s Rural Funds Management Wins Case Against U.S. Short Seller Bonitas

By Lynda Kiernan The Supreme Court of New South Wales has found in favor of publicly traded agricultural investor Rural Funds Management against U.S.-based activist short seller Bonitas Research, finding that claims made by Bonitas against Rural Funds were misleading and false.  Founded by Matthew Weichert in Texas, Bonitas released a report last August 6 […]

Dutch Ag Pension to Divest Stake in Ag Investment Fund Fagoed

By Lynda Kiernan BPL, the Dutch pension fund for the Netherland’s agricultural and green sectors, is planning to divest its stake in Fagoed, a €140 million (US$154 million) fund invested in agricultural land. Dierenartsen, a Dutch pension fund for veterinarians, has also announced that it too plans to divest from Fagoed. Both BPL and Dierenartsen […]

Blue Sky Begins Restructuring Process, Transfers Funds to Oaktree Subsidiary

by Lynda Kiernan Australia’s Blue Sky Alternative Investments has begun its dismantling process after being placed in receivership this May after breaching a covenant connected to a $50 million loan facility from Oaktree Capital Management. Following the completion of a review conducted by KordaMentha, the party appointed by Oaktree as receivers and managers of Blue […]

This New NZ$100M Permanent Crop Investment Fund is Aiming for Zero Net Carbon

by Lynda Kiernan New Zealand investment firm MyFarm has launched Kakariki Fund Limited, an investment vehicle that is looking to raise $100 million (US$66 million) to invest in long-established, high-value permanent crops including kiwifruit, apples, sweet cherries, avocados, aroma hops, and plantation Manuka. MyFarm Investments realized that although New Zealand farmland was a desirable investment […]

Blue Sky Alternative Investments in Receivership, May Face $100M Demand

By Lynda Kiernan   Australia’s Blue Sky Alternative Investments (Blue Sky) has been suspended from trading on the Australian stock market and has fallen into receivership after breaching a covenant connected to a $50 million loan facility from Oaktree Capital Management. At the end of September 2018, U.S.-based alternative asset manager and distressed debt investor Oaktree […]

Mars Joins the Herd, Launches Food-Focused Accelerator

Family-owned Mars Inc. announced the launch of Seeds of Change™, an early stage, food-focused accelerator established to foster rapid growth for food startups. Named after the company’s organic seed and food brand, Seeds of Change™ will select six initial participants from the U.S. and four from Australia in the areas of: startup up food brands, […]

Milltrust Seeks Investment Director for its British Innovation Fund

London and Singapore-based Milltrust is hiring a new investment director for its British Innovation Fund (BIF). Launched in October 2016, the BIF was established to direct much needed international and domestic institutional capital into the UK University-originated venture sector to commercialize world-leading IP, with a strong inclusion of agri-science and technology. Backed by long-term, patient capital, […]

ADM Capital Exits Central Eastern Europe and Kazakhstan PE, Will Focus on Core Markets

ADM Capital announced it is exiting its Central Eastern European and Kazakhstan private equity business through a management buyout. The move is being undertaken to position the firm to be better able to focus on its Asian fixed income business, its global Cibus Fund, and its ADM Capital Foundation. Collectively referred to as its CK […]