ROC Partners, formerly known as Macquarie Investment Management Private Markets split from Macquarie Group in March of this year and plans to forego its fund of funds structure to directly invest in agriculture and real estate in Australia and eventually Asia. Traditional fund of funds clients such as global pension funds and sovereign wealth funds have developed in-house resources giving them the option to take their business directly to private equity firms and bypass intermediaries such fund of funds managers. In addition investors are seeking greater exposure to alternative asset classes often not targeted by traditional private equity firms. Through its shift in investment approach ROC Partners plans to fill that void. By bridging private equity with the non-traditional private equity targets of agriculture and real estate, ROC Partners hopes to build a strong foundation for expansion into Asia and bring the benefits of highly efficient financial and operational skills to agricultural investment.
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